MediaCo Holding (MDIA) shares surge 260% after SEC filing reveals Soohyung Kim holds a 95.2% stake.
MediaCo Holding (MDIA) shares surge 260% after SEC filing reveals Standard General L.P. CEO, Soohyung Kim, holds a 95.2% stake in the company. Heavy trading volume of over 46.5 million shares, compared to the stock's 100-day average of 575,000 shares, contributes to the price move. Short-sellers have targeted 19.54% of available shares, which can lead to significant price swings with heavy trading volume.
April 05, 2024
3 Articles