Favorable News Coverage Somewhat Unlikely to Impact Remark (MARK) Stock Price
Media coverage about Remark (NASDAQ:MARK) has been trending positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Remark earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave headlines about the information services provider an impact score of 45.2544460081656 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Wall Street slides late; S&P 500 caps worst month since Jan 2016 (reuters.com)
- Critics call for Morneau’s ouster from pharmacare file over remarks about study (edmontonjournal.com)
- Umno warns of fights if Dr M appears in Pekan; tycoon slams Nazri for ‘pondan’ remark (malaysiakini.com)
- SE Asia Stocks-Subdued; U.S. rate hike fears prompt risk aversion (reuters.com)
- EAM Investors LLC Acquires Shares of 310,218 Remark Holdings, Inc. (MARK) (americanbankingnews.com)
Remark (MARK) traded up $0.36 during trading hours on Friday, hitting $7.27. The stock had a trading volume of 489,292 shares, compared to its average volume of 1,925,094. The stock has a market capitalization of $198.64, a price-to-earnings ratio of -6.21 and a beta of 2.06. Remark has a 52-week low of $1.93 and a 52-week high of $15.10.
In other news, CFO Douglas Osrow sold 90,542 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $8.02, for a total transaction of $726,146.84. Following the completion of the sale, the chief financial officer now owns 46,600 shares of the company’s stock, valued at $373,732. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 32.50% of the company’s stock.
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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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