Media coverage about Renren (NYSE:RENN) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Renren earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.6565532215472 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Renren Inc. American Depositary (NYSE:RENN) Closed Much Higher Than Its 50 Day Average - Modern Readers (modernreaders.com)
- Renren Inc. American Depositary (NYSE:RENN) Stock Traded Much Higher Than Its 50 Day Average - Modern Readers (modernreaders.com)
- Volume Moving the Tape For Shares of Renren Inc (RENN) and Packaging Corp of America (PKG) - FLBC News (flbcnews.com)
- Renren Inc. American Depositary (NYSE:RENN) Closed Well Above Its 50 Day Average - Modern Readers (modernreaders.com)
- Himax Technologies, Inc. (HIMX) is at $8.68 per share and Renren Inc. (RENN) is listed at $8.01 - Stocks Gallery (stocksgallery.com)
Separately, BidaskClub upgraded shares of Renren from a “sell” rating to a “hold” rating in a report on Saturday, August 19th.
Renren (NYSE RENN) traded down 0.75% during midday trading on Friday, hitting $7.93. 37,125 shares of the company were exchanged. The firm’s market capitalization is $542.61 million. Renren has a 1-year low of $6.01 and a 1-year high of $8.83. The stock has a 50 day moving average of $6.78 and a 200 day moving average of $7.17.
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About Renren
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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