ATRenew (NYSE:RERE) Trading Down 3.7%

ATRenew Inc. (NYSE:REREGet Rating) shares fell 3.7% on Wednesday . The company traded as low as $2.89 and last traded at $2.89. 6,528 shares were traded during mid-day trading, a decline of 99% from the average session volume of 497,228 shares. The stock had previously closed at $3.00.

The business has a 50-day simple moving average of $2.88 and a two-hundred day simple moving average of $4.35.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RERE. Bank of America Corp DE acquired a new stake in ATRenew in the second quarter worth approximately $1,048,000. Morgan Stanley acquired a new stake in shares of ATRenew during the 3rd quarter valued at $222,000. Cubist Systematic Strategies LLC acquired a new stake in shares of ATRenew during the 3rd quarter valued at $322,000. Citadel Advisors LLC acquired a new stake in shares of ATRenew during the 3rd quarter valued at $1,967,000. Finally, Prescott Group Capital Management L.L.C. lifted its position in shares of ATRenew by 111.5% during the 1st quarter. Prescott Group Capital Management L.L.C. now owns 114,000 shares of the company’s stock valued at $404,000 after acquiring an additional 60,100 shares during the last quarter. Hedge funds and other institutional investors own 18.02% of the company’s stock.

ATRenew Company Profile (NYSE:RERE)

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras, household products, and bags through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.

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