The Arena Group Holdings, Inc. (NYSE:AREN - Get Free Report)'s share price fell 3.2% on Friday . The stock traded as low as $2.41 and last traded at $2.68. 349,196 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 480,794 shares. The stock had previously closed at $2.77.
The Arena Group Stock Performance
The company has a market cap of $154.57 million, a P/E ratio of -0.76 and a beta of 0.44. The business has a fifty day simple moving average of $1.75 and a 200 day simple moving average of $1.40.
Hedge Funds Weigh In On The Arena Group
Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in shares of The Arena Group in the 4th quarter worth about $33,000. Northern Trust Corp lifted its holdings in The Arena Group by 67.5% in the fourth quarter. Northern Trust Corp now owns 79,626 shares of the company's stock worth $107,000 after acquiring an additional 32,083 shares during the last quarter. Millennium Management LLC acquired a new position in The Arena Group in the fourth quarter valued at approximately $259,000. Geode Capital Management LLC grew its holdings in shares of The Arena Group by 117.1% during the fourth quarter. Geode Capital Management LLC now owns 222,340 shares of the company's stock valued at $298,000 after purchasing an additional 119,915 shares during the last quarter. Finally, 272 Capital LP bought a new position in shares of The Arena Group during the third quarter valued at approximately $250,000. Institutional investors and hedge funds own 85.55% of the company's stock.
About The Arena Group
(
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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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