Renren (RENN) Volatile into Q1 Numbers; Shares Positive on Session
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Renren (NYSE: RENN) shares are showing some activity Monday as the stock trickles back into positive territory.
The "Facebook of China" is seeing its implied volatility move 15.2 percent higher from Friday's close and remain 158 percent above its trailing annual average.
Shares are 1 percent higher on the session.
Renren is expected to release first-quarter 2012 numbers after the market closes. Analysts currently see a loss of 4 cents per share on revenue of $29.6 million. The loss would be equal to what was reported for the first-quarter last year and down from EPS of 4 cents reported last quarter.
The "Facebook of China" is seeing its implied volatility move 15.2 percent higher from Friday's close and remain 158 percent above its trailing annual average.
Shares are 1 percent higher on the session.
Renren is expected to release first-quarter 2012 numbers after the market closes. Analysts currently see a loss of 4 cents per share on revenue of $29.6 million. The loss would be equal to what was reported for the first-quarter last year and down from EPS of 4 cents reported last quarter.
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