Are Value Hunters Buying Reinvent Technology Partners (NYSE: RTP) Stock? – Stocks Register
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Are Value Hunters Buying Reinvent Technology Partners (NYSE: RTP) Stock?

The trading price of Reinvent Technology Partners (NYSE:RTP) floating higher at last check on Wednesday, July 21, closing at $9.97, 0.15% higher than its previous close.

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Traders who pay close attention to intraday price movement should know that it has been fluctuating between $9.95 and $9.97. In examining the 52-week price action we see that the stock hit a 52-week high of $17.00 and a 52-week low of $9.75. Over the past month, the stock has lost -0.10% in value.


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Reinvent Technology Partners, whose market valuation is $857.29 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Reinvent Technology Partners No upward and no downward comments were posted in the last 7 days.

A quick review shows that RTP’s price is currently -0.06% off the SMA20 and 0.04% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.60, and weekly volatility stands at 0.24%. When measured over the past 30 days, the indicator reaches 0.60%. Reinvent Technology Partners (NYSE:RTP)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.06.

To see how Reinvent Technology Partners stock has been performing today in comparison to its peers in the industry, here are the numbers: RTP stock’s performance was 0.15% in the latest trading. Reinvent Technology Partners has a P/E ratio of 0. Also during today’s trading, the S&P 500 Index has surged 0.58%, while the Dow Jones Industrial also saw a positive session, up 0.63% today.

An evaluation of the daily trading volume of Reinvent Technology Partners (NYSE:RTP) indicates that the 3-month average is 798.33K. However, this figure has increased over the past 10 days to an average of 0.72 million.

Currently, records show that 86.25 million of the company’s shares remain outstanding. The institutions hold 58.10%. The stats also highlight that short interest as of May 27, 2021, stood at 3.55 million shares, resulting in a short ratio of 4.08 at that time. From this, we can conclude that short interest is 4.12% of the company’s total outstanding shares. It is noteworthy that short shares in May were up slightly from the previous month’s figure, which was 1.03 million. However, since the stock’s price has seen -13.93% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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