Remark (MARK) Shares Gap Up to $8.84
Remark Holdings, Inc. (NASDAQ:MARK) gapped up before the market opened on Tuesday . The stock had previously closed at $8.65, but opened at $8.84. Remark shares last traded at $9.76, with a volume of 3623300 shares traded.
Several equities research analysts have recently weighed in on MARK shares. Roth Capital raised their target price on Remark to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, November 14th. ValuEngine upgraded Remark from a “sell” rating to a “hold” rating in a research note on Wednesday, November 22nd.
In related news, CFO Douglas Osrow sold 90,542 shares of the firm’s 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 transaction, the chief financial officer now owns 46,600 shares in the company, valued at approximately $373,732. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 36.50% 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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