Arena Group Holdings Inc (AMEX:AREN) shares traded 207.02% higher at $1.75 on Wall Street last session.
AREN stock price is now 125.40% away from the 50-day moving average and 82.69% away from the 200-day moving average. The market capitalization of the company currently stands at $255.04M.
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In other news, Edmondson Paul Taylor, President, Platform sold 84,148 shares of the company’s stock on Aug 28 ’24. The stock was sold for $71,526 at an average price of $0.85. Upon completion of the transaction, the President, Platform now directly owns 8,334 shares in the company, valued at $14584.5. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 14 ’24, 10% Owner Simplify Inventions, LLC bought 5,555,555 shares of the business’s stock. A total of $11,999,999 was incurred on buying the stock at an average price of $2.16. This leaves the insider owning 16,067,791 shares of the company worth $28.12 million. A total of 68.96% of the company’s stock is owned by insiders.
During the past 12 months, Arena Group Holdings Inc has had a low of $0.56 and a high of $4.74. The fifty day moving average price for AREN is $0.7732 and a two-hundred day moving average price translates $0.95465 for the stock.
The latest earnings results from Arena Group Holdings Inc (AMEX: AREN) was released for 2024-06-30. The company reported revenue of $33.55 million for the quarter, compared to $37.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.3 percent.
