|Bid||0.00 x 1300|
|Ask||0.00 x 1100|
|Day's Range||25.29 - 26.27|
|52 Week Range||4.55 - 28.38|
|Beta (5Y Monthly)||2.01|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 14, 2018 - May 18, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 22, 2018|
|1y Target Est||N/A|
Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), today announced that it will hold its Annual General Meeting of Shareholders (the "AGM") at 2400 East Missouri Avenue, Phoenix AZ, 85016, at 9:00 a.m. local time on December 17, 2021. The purpose of the AGM is for the Company's shareholders to consider, and if thought fit, approve the change of the Company's legal name from "Renren Inc." to "Moatable, Inc." and the adoption of the Company's 2021 Share Incentive Plan.
Shares of Renren (NYSE: RENN) gained roughly 80.2% in October, according to data from S&P Global Market Intelligence. The Cayman Islands-based company's stock skyrocketed after terms were announced for the settlement of lawsuits alleging fraud and breaches of financial duties to investors. Renren issued a press release on Oct. 8 announcing that it had agreed to pay investors at least $300 million to settle suits alleging that the company had breached its duties to shareholders by spinning off its investment holdings at prices that significantly undervalued the assets.
Renren (NYSE: RENN), the Chinese social networking company once heralded as the "Facebook of China," sold most of its core businesses over the past three years. Renren's stock seemed destined to be delisted, but it rebounded to $10 per share back in February, then continued climbing to the mid-$20s earlier this month. The main catalyst for that rally was the settlement of an investor-backed lawsuit, which started after Renren sold its most valuable investments in 2018.