RTTNews | Dec 9, 2021 11:18AM EST

11:17 Thursday, December 9, 2021 (RTTNews.com) - Chinese software as a service provider, Renren Inc. (RENN) saw its shares plunge 45% on Thursday despite no corporate-related news coming from the company to affect the stock.

Earlier this week, the company announced that it will hold its Annual General Meeting of Shareholders on December 17 to decide whether to change the name of the company to "Moatable, Inc." and also to discuss the 2021 Share incentive plan.

The stock is currently trading at $14.11, down $12.24 or 46.45% since the previous close at $26.35. The stock opened at $25.97 in the morning. In the 52-week period, the shares have ranged between $4.55 and $28.38 per share.

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