272 Capital LP Invests $250,000 in The Arena Group Holdings, Inc. (NYSE:AREN)

272 Capital LP bought a new stake in shares of The Arena Group Holdings, Inc. (NYSE:AREN) during the third quarter, Holdings Channel.com reports. The fund bought 308,274 shares of the company’s stock, valued at approximately $250,000.

The Arena Group Stock Up 1.8 %

AREN opened at $1.71 on Friday. The stock has a market cap of $81.17 million, a PE ratio of -0.40 and a beta of 0.47. The business has a 50 day moving average of $1.05 and a 200-day moving average of $0.93. The Arena Group Holdings, Inc. has a 52 week low of $0.56 and a 52 week high of $2.92.

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.