Latest News

Stock Market Analysis

Wednesday, May 4, 2011

Chinese Facebook RENREN Inc ( NYSE:RENN ) list on stock market ( NYSE ) today with a blow: up 39 % in few minutes after listing, On radar at Stockinvestips

Renren Inc
Chinese Facebook Company has listed today at NYSE with a ticker ( NYSE: RENN). Among the investors the demand is very strong for chinese companies plus this is the first social networking company to be listed publicly before the social network giant Facebook. Investors have given thumbs up to the listing and stock run 37% to $19.30 in few minutes of trade. It has touched $22.11 high and low $18. Investors should buy the stock for trading as well as short term investment purpose about a month as we think that it has more upside left before it start retreating.
Last week company has set a price band for IPO in the range of $12-$14. Read More

TAGS: Chinese Facebook,Renren Inc, China, NYSE, Stock market Listing, IPO, Price, Explode, High, Opportunity, Invest, Trade
Read all news and reports regarding RenRen Inc, Chinese facebook social networking company, its price targets and trading call See below links


Post a Comment

Related Posts Plugin for WordPress, Blogger...