Insider Selling: The Arena Group Holdings, Inc. (NYSE:AREN) Director Sells $30,750.00 in Stock

The Arena Group Holdings, Inc. (NYSE:AREN) Director Christopher Petzel sold 25,000 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $1.23, for a total transaction of $30,750.00. Following the transaction, the director now directly owns 25,010 shares in the company, valued at $30,762.30. The trade was a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

The Arena Group Price Performance

Shares of NYSE AREN opened at $1.36 on Friday. The Arena Group Holdings, Inc. has a 52 week low of $0.56 and a 52 week high of $2.35. The business’s 50-day simple moving average is $1.46 and its 200-day simple moving average is $1.04.

Institutional Trading of The Arena Group

A hedge fund recently bought a new stake in The Arena Group stock. 272 Capital LP purchased a new stake in The Arena Group Holdings, Inc. (NYSE:AREN) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 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 & Exchange Commission. Institutional investors and hedge funds own 85.55% of the company’s stock.

About The Arena Group

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.