Renren (RENN) Back in Gear Following LinkedIn (LNKD) 'Beat and Raise'; Sees Volatility
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Renren (NYSE: RENN) shares are grabbing attention as peer LinkedIn (NYSE: LNKD) moves higher following earnings.
Market data has Renren implied volatility up 12 percent from Thursday's close to 114 percent, which is up 154 percent over its annual average.
Shares are 3.ercent higher on the session after being as much as 1.4 percent lower on the session.
Renren is generally considered the Facebook of China. It's first-quarter earnings will be release on May 14th, following the close of trading.
After the market closed Thursday, LinkedIn reported a first-quarter beat with raised outlook, amid announcing it would be acquiring SlideShare for $118.75 million. For more, click here.
Market data has Renren implied volatility up 12 percent from Thursday's close to 114 percent, which is up 154 percent over its annual average.
Shares are 3.ercent higher on the session after being as much as 1.4 percent lower on the session.
Renren is generally considered the Facebook of China. It's first-quarter earnings will be release on May 14th, following the close of trading.
After the market closed Thursday, LinkedIn reported a first-quarter beat with raised outlook, amid announcing it would be acquiring SlideShare for $118.75 million. For more, click here.
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