Renren (NYSE:RENN) Receives Daily Media Impact Rating of 0.11
News stories about Renren (NYSE:RENN) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Renren earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.7099195961479 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Renren (NYSE RENN) traded up 0.45% during mid-day trading on Friday, hitting $6.71. The stock had a trading volume of 266,851 shares. Renren has a 1-year low of $6.01 and a 1-year high of $12.50. The stock has a 50 day moving average of $6.46 and a 200-day moving average of $6.79. The firm’s market cap is $459.13 million.
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Renren Inc operates a real name social networking Internet platform in China. The Company enables users to connect and communicate with each other, share photos, and various features and services. The Company is developing Internet finance business to leverage its social networking services and user base in China, particularly focusing on the audience of college students and young people in China.
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