Remark Media shares jumped more than 200% in premarket trading.
Remark shares rose 138.44% on last Friday.
It’s difficult to pinpoint just why MARK stock shot up so heavily during today’s trading, but we can deduce a few reasons.
First and foremost, Remark is widely regarded as being a Reddit stock. This means that it has been heavily trending online for the past week or so. The most recent news from the company came on October 12th when it announced the launch of its updated AI platform for Campus Management. The goal with this is to meet the tech needs of its customers in China. And, it states that it wishes to install its platform in over 3,000 schools, which could bring in more than $18 million.