Renren (RENN) Reaches $6.73 After 3.00% Down Move; Shelton Capital Management Has Cut Starbucks (SBUX) Holding

June 13, 2017 - By Marie Mckinney

The stock of Renren Inc (NYSE:RENN) is a huge mover today! The stock decreased 2.32% or $0.16 during the last trading session, reaching $6.73. About 50,325 shares traded. Renren Inc (NYSE:RENN) has declined 19.34% since June 13, 2016 and is downtrending. It has underperformed by 36.04% the S&P500.The move comes after 9 months negative chart setup for the $468.83M company. It was reported on Jun, 13 by Barchart.com. We have $6.53 PT which if reached, will make NYSE:RENN worth $14.06 million less.

Shelton Capital Management decreased Starbucks Corp (SBUX) stake by 14.52% reported in 2016Q4 SEC filing. Shelton Capital Management sold 16,808 shares as Starbucks Corp (SBUX)’s stock rose 6.99%. The Shelton Capital Management holds 98,935 shares with $5.49M value, down from 115,743 last quarter. Starbucks Corp now has $86.94B valuation. The stock decreased 0.60% or $0.37 during the last trading session, reaching $60.92. About 9.32 million shares traded or 22.31% up from the average. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since June 13, 2016 and is uptrending. It has underperformed by 4.22% the S&P500.

Investors sentiment decreased to 0.28 in Q4 2016. Its down 1.07, from 1.35 in 2016Q3. It worsened, as 13 investors sold Renren Inc shares while 19 reduced holdings. 2 funds opened positions while 7 raised stakes. 6.17 million shares or 16.52% less from 7.39 million shares in 2016Q3 were reported. Bluecrest Limited holds 0.01% or 102,813 shares in its portfolio. Royal Financial Bank Of Canada holds 0% in Renren Inc (NYSE:RENN) or 651 shares. 650 were accumulated by Credit Agricole S A. Guggenheim Capital accumulated 81,763 shares. Jpmorgan Chase & stated it has 673 shares or 0% of all its holdings. Goldman Sachs Gp owns 31,606 shares. Citadel Advsr Limited Liability holds 0% or 97,457 shares. Aperio Limited Liability has 0% invested in Renren Inc (NYSE:RENN). Sg Americas Secs Limited, New York-based fund reported 309,568 shares. Blackrock Group Inc Limited invested in 0% or 43,301 shares. Northern Trust Corp holds 0% in Renren Inc (NYSE:RENN) or 104,628 shares. Moreover, Wells Fargo And Mn has 0% invested in Renren Inc (NYSE:RENN). Deutsche Comml Bank Ag owns 37,666 shares. Blackrock Institutional Tru Na has invested 0% of its portfolio in Renren Inc (NYSE:RENN). 20,178 are owned by Tower Rech Limited Company (Trc).

Renren Inc. operates a real name social networking Internet platform in China. The company has market cap of $468.83 million. The Firm enables users to connect and communicate with each other, share photos, and various features and services. It currently has negative earnings. The Firm is developing Internet finance business to leverage its social networking services and user base in China, particularly focusing on the audience of college students and young people in China.

Analysts await Renren Inc (NYSE:RENN) to report earnings on June, 14.

Since December 14, 2016, it had 0 insider purchases, and 6 sales for $16.35 million activity. $324,114 worth of Starbucks Corporation (NASDAQ:SBUX) was sold by Ramo Joshua Cooper on Tuesday, January 31. BRADLEY WILLIAM W sold $6.15 million worth of Starbucks Corporation (NASDAQ:SBUX) on Thursday, February 2. Helm Lucy Lee had sold 29,244 shares worth $1.72 million. Shares for $6.83 million were sold by BURROWS CLIFFORD. Shares for $1.21M were sold by ULLMAN MYRON E III on Wednesday, May 3.

Investors sentiment increased to 1.14 in Q4 2016. Its up 0.08, from 1.06 in 2016Q3. It improved, as 59 investors sold SBUX shares while 450 reduced holdings. 127 funds opened positions while 452 raised stakes. 970.72 million shares or 1.73% more from 954.23 million shares in 2016Q3 were reported. Trexquant Investment LP has 0.27% invested in Starbucks Corporation (NASDAQ:SBUX). Honeywell Inc owns 635,362 shares. Intersect Capital Ltd Limited Liability Company, California-based fund reported 7,264 shares. Northwest Inv Counselors Limited Liability Com invested in 15,015 shares. Janney Montgomery Scott Ltd Liability Corp holds 0.2% or 243,496 shares in its portfolio. State Of New Jersey Common Pension Fund D invested 0.19% in Starbucks Corporation (NASDAQ:SBUX). Reliance Of Delaware reported 3,647 shares. New York-based Pinebridge Invests Ltd Partnership has invested 0.02% in Starbucks Corporation (NASDAQ:SBUX). Moreover, Mitsubishi Ufj Tru Bk Corp has 0.36% invested in Starbucks Corporation (NASDAQ:SBUX) for 3.08M shares. Hilton Capital Management Lc holds 0.06% or 5,520 shares. 14,925 are held by Profit Investment Mgmt Ltd Liability Corp. Apriem Advsr reported 53,421 shares. Bremer Tru Association reported 34,890 shares. Roffman Miller Assoc Inc Pa holds 2.32% or 277,273 shares in its portfolio. Fort Washington Invest Advsrs Oh holds 0.08% or 90,547 shares in its portfolio.

Shelton Capital Management increased Aspen Insurance Holdings Ltd (NYSE:AHL) stake by 167,723 shares to 200,000 valued at $1.78 million in 2016Q4. It also upped Johnson & Johnson (NYSE:JNJ) stake by 11,307 shares and now owns 73,221 shares. Mcdonalds Corp (NYSE:MCD) was raised too.

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on July, 27 after the close. They expect $0.55 EPS, up 12.24% or $0.06 from last year’s $0.49 per share. SBUX’s profit will be $784.91M for 27.69 P/E if the $0.55 EPS becomes a reality. After $0.45 actual EPS reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts 22.22% EPS growth.