Remark Media, Inc. (NASDAQ:MARK) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -0.26% to 3.86 with around 19467 shares have changed hands in this session. Remark Media (MARK) reported that it has been chosen by Alibaba Cloud, the cloud computing arm of Alibaba Group, to provide its artificial intelligence (AI) technologies to Alibaba Cloud’s extensive developer network. As part of the partnership, Remark Media will provide its advanced facial recognition and image classification services, leveraging its proprietary KanKan Data Intelligence Platform, to Alibaba Cloud’s “AI-based Robotic Vision Ecosystem Union.
“Kai-Shing Tao, Remark Media’s Chairman and CEO, stated: “We are excited to expand our relationship with Alibaba Group by becoming a close technology partner with Alibaba Cloud. Utilizing our KanKan Data Intelligence Platform, we have developed AI-based technologies that provide developers and Alibaba Cloud consumers with a highly disruptive solution to removing many bottlenecks associated with data modeling and automated image classification within the cloud computing environment. We are proud to be working with Alibaba Cloud to make AI technologies more widely accessible.”
The stock is going forward its fifty-two week low with 18.04% and lagging behind from its 52-week high price with -28.12%. Similar, the positive performance for the quarter recorded as -14.00% and for the year was -24.12%, while the YTD performance remained at -25.29%. MARK has Average True Range for 14 days of 0.28.
Bel Fuse Inc. (NASDAQ:BELFA) [Trend Analysis] retains strong position in active trade, as shares scoring remains unchanged to $24.21 in a active trade session, while looking at the shares volume, around 0 shares have changed hands in this session. Bel Fuse Inc. (NASDAQ: BELFA) declared that it will participate in the 19th annual Needham Growth Conference, to be held at The Lotte New York Palace Hotel, New York on January 10-12, 2017.
Colin Dunn, Bel’s Vice President of Finance, will present on Wednesday, January 11 at 3:30 p.m. (EST) and will be accessible for one-on-one meetings with investors for the entirety of the day. To request a meeting with Bel management, please contact your representative at Needham & Co., or Peter Seltzberg, Investor Relations for Bel. The firm has institutional ownership of 55.40%, while insider ownership included 16.20%.