Remark (MARK) Trading 16% Higher

Remark Holdings, Inc. (NASDAQ:MARK) shares traded up 16% on Monday . The company traded as high as $9.74 and last traded at $9.06. 4,618,071 shares traded hands during trading, an increase of 1,060% from the average session volume of 398,014 shares. The stock had previously closed at $7.81.

A number of research analysts have recently weighed in on the stock. Roth Capital restated a “buy” rating and set a $8.00 price target on shares of Remark in a report on Monday, October 2nd. ValuEngine upgraded shares of Remark from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.

In other news, CFO Douglas Osrow sold 90,542 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $8.02, for a total transaction of $726,146.84. Following the transaction, the chief financial officer now owns 46,600 shares in the company, valued at approximately $373,732. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.50% of the stock is currently owned by company insiders.

An institutional investor recently bought a new position in Remark stock. Cannell Peter B & Co. Inc. purchased a new stake in shares of Remark Holdings, Inc. (NASDAQ:MARK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 229,627 shares of the information services provider’s stock, valued at approximately $643,000. Cannell Peter B & Co. Inc. owned approximately 1.01% of Remark at the end of the most recent quarter. Hedge funds and other institutional investors own 11.74% of the company’s stock.

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Remark Company Profile

Remark Holdings, Inc, formerly Remark Media, Inc, owns, operates and acquires digital media properties across multiple verticals. The Company operates through the travel and entertainment segment. The travel and entertainment segment includes the Vegas.com and its Roomlia mobile application. The Company is engaged in the sale of various travel and entertainment products, including air travel, show tickets and tours, which are booked through its travel and entertainment segment, consisting of Vegas.com and its related Websites, including LasVegas.com, mobile applications and retail locations.

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