ATRenew (NYSE:RERE) Trading Up 4.7% – What’s Next?

ATRenew Inc. (NYSE:RERE) shot up 4.7% during mid-day trading on Monday . The company traded as high as $2.78 and last traded at $2.78. 251,634 shares were traded during mid-day trading, a decline of 53% from the average session volume of 535,998 shares. The stock had previously closed at $2.65.

ATRenew Stock Up 3.7 %

The stock’s 50-day moving average price is $2.87 and its 200 day moving average price is $2.65.

Institutional Trading of ATRenew

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd increased its stake in shares of ATRenew by 162.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company’s stock worth $2,906,000 after purchasing an additional 649,214 shares during the last quarter. Harber Asset Management LLC lifted its position in ATRenew by 14.6% during the third quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company’s stock worth $3,043,000 after acquiring an additional 139,842 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of ATRenew by 231.8% during the second quarter. Marshall Wace LLP now owns 192,036 shares of the company’s stock worth $455,000 after acquiring an additional 134,151 shares during the period. Centiva Capital LP grew its position in shares of ATRenew by 342.2% in the third quarter. Centiva Capital LP now owns 75,483 shares of the company’s stock valued at $210,000 after purchasing an additional 58,413 shares during the last quarter. Finally, WT Asset Management Ltd acquired a new stake in ATRenew during the 3rd quarter worth approximately $159,000. Institutional investors and hedge funds own 19.29% of the company’s stock.

ATRenew Company Profile

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; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.