MDIA - Why MediaCo Holding Stock Is Soaring | Benzinga
MediaCo Holding Inc. (NASDAQ:MDIA) shares are trading higher Friday after an SEC filing showed Standard General L.P. reported a 95.2% stake in the company as of April 1.
The Details:
Standard General is a hedge fund controlled by Soohyung “Soo” Kim as its managing partner and CIO.
MediaCo shares are racing higher on heavy trading volume as investors digest the report. According to data from Benzinga Pro, more than 46.5 million shares have already been traded in the session, compared to the stock’s 100-day average of slightly more than 575,000 shares.
MediaCo Holding has grabbed the interest of short-sellers with 19.54% of available ...