Remark Media (MARK) Shares Up 6%
Remark Media, Inc. (NASDAQ:MARK) shares shot up 6% during trading on Wednesday . The stock traded as high as $9.58 and last traded at $9.14. 1,932,900 shares traded hands during trading, an increase of 554% from the average session volume of 295,360 shares. The stock had previously closed at $8.62.
A number of analysts have weighed in on the stock. ValuEngine raised shares of Remark Media from a “sell” rating to a “hold” rating in a research note on Wednesday, November 22nd. Roth Capital raised their price objective on shares of Remark Media to $8.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th.
An institutional investor recently bought a new position in Remark Media stock. Cannell Peter B & Co. Inc. bought a new stake in Remark Media, Inc. (NASDAQ:MARK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 229,627 shares of the information services provider’s stock, valued at approximately $643,000. Cannell Peter B & Co. Inc. owned 1.01% of Remark Media at the end of the most recent quarter. 11.90% of the stock is owned by hedge funds and other institutional investors.
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About Remark Media
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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