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

The Arena Group Holdings, Inc. (NYSE:AREN) Director Christopher Petzel sold 25,000 shares of the business’s stock in a transaction 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 sale, the director now owns 25,010 shares of the company’s stock, valued at approximately $30,762.30. The trade was a 49.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Arena Group Stock Down 10.3 %

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

Institutional Trading of The Arena Group

An institutional investor recently bought a new position in The Arena Group stock. 272 Capital LP acquired a new position in shares of The Arena Group Holdings, Inc. (NYSE:AREN) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 308,274 shares of the company’s stock, valued at approximately $250,000. 272 Capital LP owned about 1.04% of The Arena Group at the end of the most recent reporting period. 85.55% of the stock is currently owned by hedge funds and other institutional investors.

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.