MARK Stock: ValuEngine Lowers Remark to Sell

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Remark (NASDAQ:MARK) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday, December 1st.

Separately, Roth Capital boosted their target price on Remark to $8.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th.

Shares of Remark (NASDAQ MARK) traded up $0.06 on Friday, hitting $7.81. The stock had a trading volume of 1,918,875 shares, compared to its average volume of 1,990,503. Remark has a twelve month low of $1.93 and a twelve month high of $10.34.

In other Remark news, CFO Douglas Osrow sold 90,542 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $8.02, for a total value of $726,146.84. Following the transaction, the chief financial officer now owns 46,600 shares of the company’s stock, valued at approximately $373,732. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 36.50% of the company’s stock.

A hedge fund recently bought a new stake in Remark stock. Cannell Peter B & Co. Inc. acquired a new stake in Remark Holdings, Inc. (NASDAQ:MARK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing. 11.90% of the stock is currently owned by institutional investors and hedge funds.

About Remark

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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