Remark Holdings Inc (NASDAQ: MARK) is having an overwhelmingly strong day in the market today, and for good reason. The company announced the completion of its first project with Charoen Pokphand. Of course, this led to excitement among investors, sending the stock screaming for the top. Today, we’ll talk about the agreement, what we’re seeing from the stock, and what we’ll be watching for with regard to MARK ahead.
MARK Announces Project Completion
As mentioned above, Remark Holdings is having an incredibly strong day in the market today after announcing news surrounding a project completion. In a press release issued early this morning, the company announced the successful completion of the first project for Charoen Pokphand Group since the company’s investment in MARK.
In the release, MARK said that their KanKan team woked closely with a team from Charoen Pokphand and built a state-of-the-art “war room” system for the Chairman of CP Group in Shanghai. In the release, MARK said that the system that was completed performs several functions including, but not limited to, Big Data analysis and presentation, facial recognition for employees and VIP guests, free-chat voice commanding in both English and Chinese as well as 3-D holographic commanding. In a statement, Kai-Shing Tao, Chairman and CEO at MARK, had the following to offer:
We continue to develop products and services based on our KanKan AI platform which break new ground… We are happy that we have successfully kicked off what we believe will be a long and mutually-beneficial relationship with one of the world’s largest private business conglomerates.
What We’re Seeing From The Stock
As investors, one of the first lessons that we learn is that the news moves the market. In this particular case, the news proved to be overwhelmingly positive as the company continues to expand its relationship with CP Group. With this news in mind, it’s no surprise to see that the stock is making a run for the top. At the moment (11:10), MARK is trading at $7.49 per share after a gain of $0.48 per share or 6.85% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on MARK. In particular, we’re interested in following the company’s continued innovation through their KanKan AI platform. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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