Marathon Patent Group (NASDAQ:MARA) shares fell 0.9% during trading on Monday . The stock traded as low as $1.10 and last traded at $1.13. 246,352 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 1,854,953 shares. The stock had previously closed at $1.12.
A hedge fund recently bought a new stake in Marathon Patent Group stock. Millennium Management LLC acquired a new position in shares of Marathon Patent Group (NASDAQ:MARA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,728 shares of the business services provider’s stock, valued at approximately $122,000. Millennium Management LLC owned about 0.21% of Marathon Patent Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.86% of the company’s stock.
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About Marathon Patent Group
Marathon Patent Group Inc (MARA) is engaged in acquiring patents and patent rights from owners or other ventures. The Company monetizes its portfolio of patents and patent rights by entering into license discussions. The Company owns around 378 United States and foreign patents, and patent rights across a range of technologies and markets.
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