Why Remark Holdings, Inc. Stock Jumped Monday
Shares of digital media company Remark Holdings (NASDAQ: MARK) climbed as high as 24.7% on Monday, following a $10 million investment from Thailand-based Charoen Pokphand Group (CP Group) in Remark's business. The stock is up 21.5% at the time of this writing.
As part of the investment, Remark and CP Group will form a joint venture partnership focused on artificial intelligence data solutions, explained a press release from Remark Holdings. "The partnership's first initiative will be to launch an innovative AI Solution and Application for the Real Estate and Commercial Mall sector in Q1 2018."
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Source: Fool.com
