RCG Stock Summary and Trading Ideas (Renn | AMEX:RCG)

The investment objective of the Fund is to provide its shareholders primarily with long-term capital appreciation by investing substantially in privately-placed convertible and equity securities of emerging growth companies traded on U.S. securities exchanges.

Renn trades on the AMEX stock market under the symbol RCG.

As of April 26, 2024, RCG stock price climbed to $1.62 with 2,206 million shares trading.

RCG has a market cap of $11.37 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, RCG stock traded as high as $3.28 and as low as $1.52.

RCG has underperformed the market in the last year with a return of -8.1%, while the SPY ETF gained +26.8%. In the last 3 month period, RCG fell short of the market, returning +0.6%, while SPY returned +4.5%. However, in the most recent 2 weeks RCG has outperformed the stock market by returning +2.5%, while SPY returned -1.9%.

RCG support price is $1.54 and resistance is $1.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RCG stock will trade within this expected range on the day.