In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Thestreet Inc. (NASDAQ:TST) reported that Cannell Capital has picked up 3,378,347 of common stock as of 2017-05-23.
The acquisition brings the aggregate amount owned by Cannell Capital to a total of 3,378,347 representing less than 9.47% stake in the company.
For those not familiar with the company, TheStreet, Inc. (TheStreet) is a digital financial media company focused on the financial, and mergers and acquisitions environment. The Company’s collection of digital services provides users, subscribers and advertisers with a range of content and tools through a range of online, social media, tablet and mobile channels. With a suite of digital services, TheStreet offers the tools and insights needed to make informed decisions about earning, investing, saving and spending money. TheStreet provides interactive multimedia coverage of the financial markets, economy, industry trends, investment and financial planning. Its subscription products are designed to address the needs of investors with various areas of interest, including fledgling investors, day and swing traders, and fundamental, technical and options traders. Its RateWatch business publishes bank rate market information on a subscription basis to financial institutions and government agencies.
A glance at Thestreet Inc. (NASDAQ:TST)’s key stats reveals a current market capitalization of 33.16 Million based on 35.66 Million shares outstanding and a price at last close of $0.920 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-11, Callaway picked up 10,000 at a purchase price of $0.94. This brings their total holding to 10,000 as of the date of the filing.
On the sell side, the most recent transaction saw Cramer unload 33,013 shares at a sale price of $2.16. This brings their total holding to 2,566,965.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Thestreet Inc. (NASDAQ:TST) as things move forward to see if its progress aligns with these transactions.
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