Renren Message Board - Msg: 27425004

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Technology Stocks : Renren

RENN 1.650

-2.9%

Jun 21 5:00 PM EST

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From: Lahcim Leinad	6/9/2011 9:41:38 AM
	Read Replies (1) of 310

RENN is presently trading under $10. The stock made its debut in early May with investor frenzy taking the stock as high as $24, before giving back all the gains and actually dropping below its original IPO price of $14 on growth and valuation concerns. So far in June, the stock has lost 18.2%. The stock took a tumble along with other stocks in the space as participants are clearly moving away from risk amid economic uncertainty and in the case of Renren ahead of the expiration of its quiet period next week on June 13th. Renren might have sold off on anticipation analysts initiating coverage on the stock with unfavorable ratings and or the company issuing an earnings outlook that will validate earlier growth concerns. From: tradershuddle.com June 13th is next Monday.

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