Remark Media, Inc. (MARK) Shares Up 19.4%
Remark Media, Inc. (NASDAQ:MARK) shot up 19.4% during trading on Thursday . The stock traded as high as $9.35 and last traded at $8.54. 4,193,800 shares traded hands during mid-day trading, an increase of 1,435% from the average session volume of 273,238 shares. The stock had previously closed at $7.15.
Several research firms recently commented on MARK. Roth Capital set a $8.00 price target on Remark Media and gave the company a “buy” rating in a report on Wednesday, August 9th. ValuEngine raised Remark Media from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.
An institutional investor recently bought a new position in Remark Media stock. Cannell Peter B & Co. Inc. purchased a new stake in Remark Media, Inc. (NASDAQ:MARK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 229,627 shares of the information services provider’s stock, valued at approximately $643,000. Cannell Peter B & Co. Inc. owned about 1.01% of Remark Media as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 11.46% of the company’s stock.
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Remark Media 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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