Wanwu Xinxing (RERE) Stock Plummets Amid Market Volatility

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Oct 30, 2024

Wanwu Xinxing (RERE, Financial), also known as AiHuiShou, experienced a significant stock drop of 5.08%. The stock is currently priced at $2.43 per share, with a trading volume of 341,828 shares and a turnover rate of 0.15%. The stock's fluctuation range is 4.30%.

In its recent financial report, Wanwu Xinxing (RERE, Financial) reported a revenue of $521 million, a net loss of $1.47 million, and earnings per share of -$0.01. The company has a gross profit of $101 million and a P/E ratio of -30.44. Notably, the only institution rating the stock suggests a buy, with no recommendations to hold or sell.

In the internet retail sector, Wanwu Xinxing (RERE, Financial)'s industry peers have seen an overall increase of 0.63%. Some stocks like Jeffs' Brands Ltd and Natural Health Trends Corp have experienced significant gains. Jeffs' Brands Ltd, Linkage Global Inc, and Beyond, Inc. have shown notable activity with turnover rates of 609.49%, 2.74%, and 2.72%, respectively. Stocks like Jeffs' Brands Ltd and Thredup Inc. have shown large price fluctuations.

The company is a leading platform in China for trading and servicing second-hand consumer electronics, with most of its revenue generated from the online sale of mobile phones and other electronics.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.