Do Traders Think Renren Inc (RENN) Can Turn Around Thursday?

Thursday, October 21, 2021 01:23 PM | InvestorsObserver Analysts

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Do Traders Think Renren Inc (RENN) Can Turn Around Thursday?

The market has been down on Renren Inc (RENN) stock recently. RENN gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Renren Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on RENN!

See Full RENN Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With RENN Stock Today?

Renren Inc (RENN) stock has risen 0.12% while the S&P 500 has fallen -0.04% as of 1:14 PM on Thursday, Oct 21. RENN has risen $0.03 from the previous closing price of $24.99 on volume of 190,212 shares. Over the past year the S&P 500 is higher by 31.69% while RENN has risen 400.40%. RENN lost -$0.59 per share in the over the last 12 months. To screen for more stocks like Renren Inc click here.

More About Renren Inc

Renren Inc operates as a used automobile business. It sells used automobiles and related products; arranges financing options for customers through financial services partners; and provides credit financing to used automobile dealerships. It has only one reportable segment namely Renren segment. Click Here to get the full Stock Report for Renren Inc stock.