ATRenew (NYSE:RERE) Stock Price Up 6.2%

ATRenew Inc. (NYSE:REREGet Rating) shares rose 6.2% during mid-day trading on Thursday . The company traded as high as $2.66 and last traded at $2.58. Approximately 2,366 shares changed hands during trading, a decline of 100% from the average daily volume of 538,540 shares. The stock had previously closed at $2.43.

Separately, Zacks Investment Research raised shares of ATRenew from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd.

The business’s fifty day moving average is $3.14 and its two-hundred day moving average is $5.24.

ATRenew (NYSE:REREGet Rating) last posted its earnings results on Wednesday, March 9th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.41. As a group, analysts anticipate that ATRenew Inc. will post -1.09 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Morgan Stanley bought a new stake in ATRenew in the third quarter worth $222,000. Cubist Systematic Strategies LLC bought a new stake in ATRenew in the third quarter worth $322,000. Prescott Group Capital Management L.L.C. lifted its position in ATRenew by 111.5% in the first quarter. Prescott Group Capital Management L.L.C. now owns 114,000 shares of the company’s stock worth $404,000 after buying an additional 60,100 shares during the last quarter. Bank of America Corp DE bought a new stake in ATRenew in the second quarter worth $1,048,000. Finally, BlackRock Inc. lifted its position in ATRenew by 37.1% in the first quarter. BlackRock Inc. now owns 685,409 shares of the company’s stock worth $2,426,000 after buying an additional 185,409 shares during the last quarter. 18.02% of the stock is owned by hedge funds and other institutional investors.

ATRenew Company Profile (NYSE:RERE)

AiHuiShou International Co Ltd., through its subsidiaries, operates pre-owned consumer electronics transactions and services platform under the ATRenew brand name in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, digital cameras, luxury goods, household products, and books 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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