Remark Holdings, Inc. MARK shares are trading higher by 50 cents (11 percent) at $4.03 in Wednesday's session.
The catalyst for the rally is the announcement that the company has secured at least a $1 million contract to provide facial and object recognition to a Chinese government owned business.
After a higher open, Remark moved only another 6 cents before reversing course. That high coincides with a pair of monthly highs from April and May of 2016 at $4.85. Since reaching that elevated level, it has continued to make new lows for the session, with the current one standing at $3.93.
In order to fill the void in price and reach the upper-end of Tuesday's session, it will need to reach $3.70.
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