Douglas Osrow Sells 90,542 Shares of Remark Holdings, Inc. (NASDAQ:MARK) Stock

Remark Holdings, Inc. (NASDAQ:MARK) CFO Douglas Osrow sold 90,542 shares of Remark stock in a transaction on Tuesday, December 5th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Remark Holdings, Inc. (NASDAQ MARK) traded down $0.26 during trading hours on Friday, reaching $9.73. The company had a trading volume of 1,029,677 shares, compared to its average volume of 2,326,821. The company has a market capitalization of $272.96, a PE ratio of -8.32 and a beta of 1.70. Remark Holdings, Inc. has a 52 week low of $1.93 and a 52 week high of $11.16.

MARK has been the subject of several recent research reports. ValuEngine lowered Remark from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Roth Capital boosted their target price on Remark to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, November 14th.

A hedge fund recently bought a new stake in Remark stock. Cannell Peter B & Co. Inc. bought a new position in Remark Holdings, Inc. (NASDAQ:MARK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.74% of the company’s stock.

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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 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 and its related Websites, including, mobile applications and retail locations.

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