The Arena Group Holdings, Inc. (NYSE:AREN - Get Free Report) shares were up 5% on Thursday . The company traded as high as $1.28 and last traded at $1.26. Approximately 13,116 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 42,782 shares. The stock had previously closed at $1.20.
The Arena Group Stock Up 11.1 %
The stock has a market capitalization of $66.46 million, a price-to-earnings ratio of -0.33 and a beta of 0.48. The business has a 50-day simple moving average of $1.38 and a two-hundred day simple moving average of $1.02.
Institutional Investors Weigh In On The Arena Group
A hedge fund recently bought a new stake in The Arena Group stock. 272 Capital LP acquired a new stake in shares of The Arena Group Holdings, Inc. (NYSE:AREN - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 308,274 shares of the company's stock, valued at approximately $250,000. 272 Capital LP owned about 0.65% of The Arena Group as of its most recent filing with the Securities and Exchange Commission. 85.55% of the stock is currently owned by hedge funds and other institutional investors.
The Arena Group Company Profile
(
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The Arena Group Holdings, Inc, together with its subsidiaries, operates digital media platform in the United States and internationally. The company offers the Platform, a proprietary online publishing platform comprising publishing tools, video platforms, social distribution channels, newsletter technology, machine learning content recommendations, notifications, and other technology.
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