Renren Inc (RENN) Stock: What Does the Chart Say Thursday?

Thursday, May 18, 2023 03:50 PM | InvestorsObserver Analysts

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Renren Inc (RENN) Stock: What Does the Chart Say Thursday?

Renren Inc (RENN) stock is lower by 8.65% over the past week and gets a Bearish rating from InvestorsObserver 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?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With RENN Stock Today?

Renren Inc (RENN) stock is lower by -6.86% while the S&P 500 is up 0.62% as of 3:49 PM on Thursday, May 18. RENN has fallen -$0.07 from the previous closing price of $1.02 on volume of 120,508 shares. Over the past year the S&P 500 is up 2.34% while RENN has fallen -96.57%. RENN lost -$2.99 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 is a China-based company mainly engaged in the Software as a Service (SaaS) business. It develops Chime, a software as a service platform that offers lead generation and customer relationship management solutions for real estate professionals. It also provides online and mobile services for the trucking industry in the United States. Click Here to get the full Stock Report for Renren Inc stock.