Geode Capital Management LLC Increases Stake in The Arena Group Holdings, Inc. (NYSE:AREN)

Geode Capital Management LLC raised its stake in shares of The Arena Group Holdings, Inc. (NYSE:AREN - Free Report) by 117.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 222,340 shares of the company's stock after acquiring an additional 119,915 shares during the quarter. Geode Capital Management LLC owned approximately 0.47% of The Arena Group worth $298,000 as of its most recent filing with the SEC.

The Arena Group Stock Performance

NYSE:AREN traded up $1.10 on Friday, hitting $7.25. 172,619 shares of the stock were exchanged, compared to its average volume of 96,513. The stock has a market capitalization of $344.82 million, a price-to-earnings ratio of -1.71 and a beta of 0.55. The Arena Group Holdings, Inc. has a 52 week low of $0.56 and a 52 week high of $7.29. The company's 50-day moving average price is $2.58 and its 200 day moving average price is $1.74.

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.