The company declined 11.04% to 2.98 dollars.

In the early hours of November 30, Beijing time, the company (Nyse:renn) fell in Friday, the biggest decline of 12%. As of the close, the company fell 11.04%, reported 2.98 U.S. dollars.

November 28, Renren announced the third quarter of fiscal year 2013 as at September 30 without audited financial reports. The report showed that Renren's total net revenue in the third quarter (including sticky rice net revenues) was $47.6 million, down 5.6% from a year earlier, less than the average Wall Street analyst expected. The net revenue for everyone was $41.1 million trillion, down 9.9% from a year earlier, and the net revenue for glutinous Rice net was 6.5 million dollars, up 36% from a year earlier. The net loss for everyone in the third quarter was $24.6 million trillion, which was larger than the net loss of $15.4 million over the same period last year.

Investors in investment institutions have expressed their interest in the company.

Morgan Stanley published a study that kept the stock rating of underweight unchanged and lowered its target price from $3.1 to $2.7.

Deutsche Bank issued a study to maintain the "sell" (Sell) Rating of everyone's stock and cut its target share price from 2.60 to $2.46.

BofA Merrill Lynch issued a study to keep the stock rating of Neutral unchanged, while lowering its target price from $3.9 to $3.4.