StockNews.com Starts Remark Holdings with a Sell Rating

StockNews.com, an equities research firm, has initiated coverage on Remark Holdings (NASDAQ:MARK), assigning a sell rating to the company. The report was released on a recent Friday, signaling a cautious perspective on the information services provider's financial health. As the market opened that Friday, Remark's stock was trading at $0.53.

Remark Stock's Performance Indicators

An evaluation of Remark's stock performance shows the stock at a fifty day moving average of $0.50 and a two-hundred day moving average of $0.76. Over the past year, the company's shares have hit a low of $0.39 and a peak of $2.79, highlighting significant volatility in its trading pattern.

Interest from Institutional Investors

Changes in Remark's stock ownership reveal varied activity among institutional investors. Notably, UBS Group AG reported a 292.8% increase in ownership, possessing 29,460 shares currently valued at about $25,000. Other significant movements include purchases by Virtu Financial LLC and Bank of America Corp DE, with respective investments of approximately $25,000 and $35,000. Moreover, State Street Corp increased its holdings by 33.4%, and Cutter & CO Brokerage Inc.'s shares have grown by 11.6%. These institutions contribute to the 8.44% of Remark stock that is held by investors of this type.

About Remark Holdings

Remark Holdings, Inc. specializes in artificial intelligence-based solutions, operating a data and AI software platform. Their portfolio includes AI-powered computer vision products and software-as-a-service offerings. They also provide a Smart Safety Platform, which harnesses computer vision to analyze video feeds, as well as other AI-related products and services.

Remark, StockNews, Coverage