Emerald (NYSE:EEX) Stock Price Up 8%

Emerald Holding, Inc. (NYSE:EEX)’s stock price traded up 8% during mid-day trading on Wednesday . The company traded as high as $5.20 and last traded at $5.14. 12,887 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 103,669 shares. The stock had previously closed at $4.76.

Emerald Price Performance

The stock’s 50 day simple moving average is $5.72 and its two-hundred day simple moving average is $6.00. The stock has a market cap of $1.11 billion, a P/E ratio of -6.85 and a beta of 1.38.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. bought a new position in shares of Emerald during the fourth quarter worth approximately $159,000. Bank of New York Mellon Corp grew its position in Emerald by 5.9% during the second quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company’s stock worth $401,000 after buying an additional 3,950 shares in the last quarter. FFT Wealth Management LLC acquired a new stake in Emerald during the second quarter worth about $532,000. Cannell Capital LLC increased its stake in shares of Emerald by 30.8% in the 4th quarter. Cannell Capital LLC now owns 1,192,951 shares of the company’s stock valued at $7,134,000 after purchasing an additional 280,744 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Emerald by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,113,221 shares of the company’s stock worth $7,581,000 after acquiring an additional 5,184 shares during the last quarter. 14.90% of the stock is owned by institutional investors and hedge funds.

About Emerald

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.