New insider activity at The Arena Group ( (AREN) ) has taken place on February 14, 2025.
In a recent transaction involving The Arena Group, Director Laura Anne Lee sold 55,780 shares of the company’s stock, amounting to a total value of $78,092. Conversely, Director Randall Cavitt acquired an equal number of shares, 55,780, for the same total value of $78,092.
Recent Updates on AREN stock
In recent developments, The Arena Group experienced notable changes, including the termination of CEO Sara Silverstein, with Paul Edmondson stepping in as interim CEO. This move is part of the company’s shift towards a more entrepreneurial operational strategy to support its growth plans. Additionally, the company restructured its governance by eliminating cash retainers and annual restricted stock grants for non-employee directors, and aligning its bylaws with new SEC proxy rules. These changes, coupled with the NYSE’s acceptance of Arena’s compliance plan, have influenced market sentiment, leading to fluctuations in the stock’s price movements within the last 24 hours.
More about The Arena Group
YTD Price Performance: 3.60%
Average Trading Volume: 1,897,784
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $68.35M