Renren (NYSE:RENN) Stock Price Passes Above 200 Day Moving Average of $27.31

Shares of Renren Inc. (NYSE:RENNGet Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.31 and traded as high as $29.89. Renren shares last traded at $29.89, with a volume of 30,320 shares.

Renren Stock Performance

The business has a fifty day moving average of $28.99 and a 200-day moving average of $27.39.

Institutional Trading of Renren

Institutional investors and hedge funds have recently modified their holdings of the business. Oasis Management Co Ltd. purchased a new stake in shares of Renren in the 1st quarter valued at about $66,648,000. UBS Group AG raised its holdings in shares of Renren by 33.2% in the 2nd quarter. UBS Group AG now owns 4,453 shares of the technology company’s stock valued at $129,000 after acquiring an additional 1,111 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Renren by 1,034.6% in the 1st quarter. BlackRock Inc. now owns 1,736 shares of the technology company’s stock valued at $38,000 after acquiring an additional 1,583 shares in the last quarter. Deep Field Asset Management LLC increased its position in shares of Renren by 73.1% during the 2nd quarter. Deep Field Asset Management LLC now owns 95,229 shares of the technology company’s stock valued at $2,754,000 after purchasing an additional 40,229 shares during the last quarter. Finally, Iszo Capital Management LP bought a new position in shares of Renren during the 2nd quarter valued at about $4,238,000. Hedge funds and other institutional investors own 23.40% of the company’s stock.

About Renren

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Renren Inc engages in the software as a service business in the People's Republic of China. The company develops Chime, a software as a service platform that offers customer relationship management, intelligent data exchange webpage service, and team management solutions for real estate professionals.

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