DALLAS, June 17, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring social media site Renren Inc. (NYSE:RENN). The report includes financial, comparative and investment analyses, and how this China stock fits into the social media industry and U.S. markets.
The full report is available at: www.microstockprofit.com/lp/RENN
Renren Inc. (RENN) operates a social networking Internet platform in China. Its platform enables users to connect and communicate with each other, share information and user generated content, play online games, listen to music, shop for deals and enjoy a wide range of other features and services. RENN's platform includes the main social networking Web site renren.com, the online games center game.renren.com, the social commerce website nuomi.com, and the newly launched professional and business social networking service Web site jingwei.com.
This newsletter has been helping traders make great investment decisions on RENN; click here for a 25% discount offer.
In the report, the analyst notes:
"Shares of RENN traded to a new 52-week low of $6.77 on Thursday, but later recovered a cent to close down $6.78, down nearly 10% from the previous session. Over 11 million shares have traded hands during the session, versus the 10-day average volume of about 8 million."
"RENN was initiated with a Hold rating at Jefferies yesterday, with price target set at $48."
To read the entire report visit: www.microstockprofit.com/lp/RENN
See what investors are saying about RENN at http://www.stockhideout.com
Get breaking news on RENN at http://thestockmarketwatch.com/
MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com
MicroStockProfit.com Disclosure
MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.