Remark Holdings (MARK) Stock Could Fly Today As Shorts Are Shunned

Remark Holdings MARK Stock News

Remark Holdings Inc (NASDAQ: MARK) is heading up in the market this morning, trading on gains of more than 10% early on. However, these gains may be the tip of the iceberg today as the Short Sale Rule, or SSR, makes it so that short sellers cannot manipulate the stock to hold it down today. Here’s what’s going on:

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MARK Stock Could Fly On SSR

The Short Sale Rule was created to stop short sellers from sending a stock dramatically downward in a single day. Essentially, when a stock falls 10% or more from its previous close due to short selling, the SSR is triggered, making it so that shorts can no longer trade the stock. That’s what happened with Remark Holdings today.

Essentially, in the after hours, traders were pushing the stock down after a relatively strong day yesterday. This triggered an SSR, and today, short selling MARK stock will not be possible. So, why is this important?

Well, with the SSR in place, bulls have the ability to really pus the value of the stock for the top. After all, there will be no shorts putting a ceiling on this thing today. At the same time, short sellers will see growth in the price of the stock, meaning that they will lose money. This could cause them to race for cover, leading to a short squeeze.

This Is A Great Play Even Without The SSR

Even without the SSR that was triggered o Remark Holdings this morning, this is a great stock to pay attention to. About two weeks ago, the company announced that it would start shipping AI based thermal imaging products to customers in the United States and Japan.

These products were designed to help reopen the global economy. After all, for the global economy to reopen, we need to have a way to quickly screen and isolate those who have contracted COVID-19. Well, that’s exactly what MARK products do.

These AI-based thermal imaging products give compaies and municipalities a way to screen the masses without any human interaction, and this techology is catching the attention of quite a few big players.

In fact, MARK already has its roots dug into various casinos in Las Vegas. At the same time, Disney recently announced that Remark holdings is one of its new vendors. Of course, if you’ve been following the company, you’ve also heard a lot about Walmart, the massive retail chain that the company already has a foot in the door of.

The Bottom Line

The bottom line here is simple. Remark Holdings has created technology that, given the COVID-19 outbreak, is likely to be met with incredibly high demand. As such, revenue growth is likely in the very near future for the company.

Beyond that, if you don’t want to wait to see what revenue looks like, you should have a great opportunity to generate gains from the stock today as the SSR stops short sellers from manipulating the price down. All in all, today looks like it will be a great day for MARK stock and its investors.

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