Christopher Petzel Sells 25,000 Shares of The Arena Group Holdings, Inc. (NYSE:AREN) Stock

The Arena Group Holdings, Inc. (NYSE:AREN) Director Christopher Petzel sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $1.23, for a total transaction of $30,750.00. Following the completion of the sale, the director now owns 25,010 shares in the company, valued at $30,762.30. The trade was a 49.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

The Arena Group Trading Down 10.3 %

Shares of NYSE AREN opened at $1.30 on Thursday. The Arena Group Holdings, Inc. has a 12-month low of $0.56 and a 12-month high of $2.35. The stock has a 50 day simple moving average of $1.43 and a 200-day simple moving average of $1.03.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in The Arena Group stock. 272 Capital LP acquired a new stake in shares of The Arena Group Holdings, Inc. (NYSE:AREN) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 308,274 shares of the company’s stock, valued at approximately $250,000. 272 Capital LP owned approximately 0.65% of The Arena Group as of its most recent SEC filing. 85.55% of the stock is owned by hedge funds and other institutional investors.

The Arena Group Company Profile

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.