The Arena Group Holdings, Inc. (AREN)
The Arena Group Holdings, Inc. (AREN) is a digital media company that owns and operates a portfolio of content brands across various lifestyle, entertainment, news, and sports categories. The company focuses on creating, acquiring, and managing online platforms and media properties aimed at targeted audiences, generating revenue primarily through advertising, subscriptions, and e-commerce.
Company News
The Dow Jones index closed lower by more than 100 points on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable ins...
Shares of Arena Group Holdings Inc. dropped more than 30% on Friday after the ailing media company lost its license to publish Sports Illustrated and the union for the famed publication said "possibly all" union-member staff could be laid off as a result.
Arena Group Holdings, Inc. (AREN) delivered earnings and revenue surprises of 14.05% and 5.35%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?