Remark (MARK) Shares Down 6.4% on Insider Selling
Remark Holdings, Inc. (NASDAQ:MARK) shares traded down 6.4% during mid-day trading on Friday following insider selling activity. The stock traded as low as $12.80 and last traded at $13.10. 1,832,336 shares traded hands during trading, an increase of 2% from the average session volume of 1,800,669 shares. The stock had previously closed at $13.99.
Specifically, CFO Douglas Osrow sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $13.02, for a total transaction of $260,400.00. Following the transaction, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at $260,400. 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 owned by company insiders.
A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Remark from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. ValuEngine lowered shares of Remark from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Roth Capital reissued a “buy” rating and set a $8.00 price target on shares of Remark in a research report on Monday, October 2nd.
Remark (NASDAQ:MARK) last released its quarterly earnings results on Monday, November 13th. The information services provider reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.16). analysts expect that Remark Holdings, Inc. will post -1.03 earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Remark stock. Bank of Montreal Can purchased a new stake in shares of Remark Holdings, Inc. (NASDAQ:MARK) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 44,000 shares of the information services provider’s stock, valued at approximately $428,000. Bank of Montreal Can owned approximately 0.16% of Remark at the end of the most recent reporting period. Hedge funds and other institutional investors own 11.74% of the company’s stock.
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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