The Arena Group (NYSE:AREN) Trading Up 3.3% - Still a Buy?

The Arena Group Holdings, Inc. (NYSE:AREN - Get Free Report) shares shot up 3.3% during trading on Wednesday . The stock traded as high as $4.47 and last traded at $4.35. 53,158 shares were traded during trading, a decline of 38% from the average session volume of 85,440 shares. The stock had previously closed at $4.21.Get The Arena Group alerts:The Arena Group Stock Up 3.3%The firm has a market capitalization of $206.96 million, a price-to-earnings ratio of -1.02 and a beta of 0.87. The company has a fifty day moving average price of $4.15 and a two-hundred day moving average price of $5.27. Institutional Inflows and OutflowsA number of institutional investors have recently bought and sold shares of AREN. JPMorgan Chase & Co. raised its holdings in shares of The Arena Group by 248.8% in the third quarter. JPMorgan Chase & Co. now owns 21,411 shares of the company's stock valued at $117,000 after buying an additional 15,273 shares during the last quarter. Verition Fund Management LLC purchased a new stake in The Arena Group during the 3rd quarter valued at approximately $80,000. Centiva Capital LP acquired a new stake in The Arena Group during the 3rd quarter worth approximately $87,000. Two Sigma Investments LP lifted its position in The Arena Group by 42.3% during the 3rd quarter. Two Sigma Investments LP now owns 22,017 shares of the company's stock worth $120,000 after acquiring an additional 6,548 shares during the period. Finally, Bridgeway Capital Management LLC grew its stake in shares of The Arena Group by 72.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 47,600 shares of the company's stock valued at $260,000 after purchasing an additional 20,000 shares during the last quarter. 85.55% of the stock is currently owned by institutional investors and hedge funds. The Arena Group Company Profile (Get Free Report)The Arena Group, Inc NYSE: AREN is a digital content and commerce company that operates a diversified portfolio of media brands across finance, sports and lifestyle categories. The company produces original editorial content, multimedia programming and newsletters for a broad digital audience, leveraging websites, social media, podcasts and video channels. Through e-commerce initiatives, affiliate marketing partnerships and targeted advertising, The Arena Group monetizes its verticals while driving engagement and subscriber growth. Key brands in the company's portfolio include TheStreet, a financial news and analysis platform; Sports Illustrated, for which the company holds exclusive global multimedia rights; Front Office Sports, covering the business of sports; Eat This, Not That!, a nutrition and wellness brand; and The Daily Meal, focused on food and lifestyle trends.See AlsoFive stocks we like better than The Arena GroupElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest Yet“Fed Proof” Your Bank Account with THESE 4 Simple StepsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in The Arena Group Right Now?Before you consider The Arena Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Arena Group wasn't on the list.While The Arena Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here