Remark Media, Inc. (NASDAQ:MARK) CFO Douglas Osrow sold 90,542 shares of the firm’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Remark Media, Inc. (NASDAQ MARK) traded down $0.02 during midday trading on Tuesday, hitting $7.90. 844,098 shares of the stock were exchanged, compared to its average volume of 319,317. Remark Media, Inc. has a 52-week low of $1.93 and a 52-week high of $9.79.
A number of research analysts have recently issued reports on the stock. ValuEngine cut shares of Remark Media from a “hold” rating to a “sell” rating in a report on Friday. Roth Capital lifted their price objective on shares of Remark Media to $8.00 and gave the company 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. acquired a new stake in shares of Remark Media, Inc. (NASDAQ:MARK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.90% of the company’s stock.
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.