Douglas Osrow Sells 90,542 Shares of Remark Media, Inc. (MARK) Stock

Remark Media, Inc. (NASDAQ:MARK) CFO Douglas Osrow sold 90,542 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $8.02, for a total transaction of $726,146.84. Following the sale, the chief financial officer now owns 46,600 shares of the company’s stock, valued at $373,732. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Remark Media, Inc. (NASDAQ MARK) opened at $7.50 on Thursday. Remark Media, Inc. has a 12 month low of $1.93 and a 12 month high of $9.79.

Several equities research analysts recently issued reports on MARK shares. Roth Capital set a $8.00 price objective on shares of Remark Media and gave the stock a “buy” rating in a research report on Wednesday, August 9th. ValuEngine raised shares of Remark Media from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.

An institutional investor recently bought a new position in Remark Media stock. Cannell Peter B & Co. Inc. bought a new position in shares of Remark Media, Inc. (NASDAQ:MARK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 1.01% of Remark Media at the end of the most recent reporting period. 11.90% of the stock is currently owned by institutional investors.

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Remark Media Company Profile

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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