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Renren (RENN) Shows Strength: Stock Rises 8% in Session

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Renren Inc. was a big mover last session, as the company saw its shares rise a 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $6.08 to $7.17 in the past one-month time frame.

The company has seen no positive or negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate remained unchanged over the same timeframe. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
 
Renren currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

Renren Inc. Price

 

A better-ranked stock in the broader Technology sector is Adobe Systems Incorporated (ADBE - Free Report) , which holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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