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Renren Inc (RENN) Shares Cross Below 200 DMA

By Market News Video Staff, Wednesday, August 3, 2:17 PM ET
Play Video: Learn About The 200 DMA

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In trading on Wednesday, shares of Renren Inc (NYSE:RENN) crossed below their 200 day moving average of $10.10, changing hands as low as $8.69 per share. Renren Inc shares are currently trading down about 10.5% on the day. The chart below shows the one year performance of RENN shares, versus its 200 day moving average:

Renren Inc 200 Day Moving Average Chart

Looking at the chart above, RENN's low point in its 52 week range is $6.13 per share, with $24.00 as the 52 week high point that compares with a last trade of $9.15.

RENN operates in the Application Software sector, among companies like Microsoft Corporation (NASDAQ:MSFT) which is down about 0.7% today, and Google Inc (NASDAQ:GOOG) trading higher by about 0.3%. Below is a three month price history chart comparing the stock performance of RENN, versus MSFT and GOOG.

RENN,MSFT,GOOG Relative Performance Chart


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