MeetMe (NASDAQ:MEET) : Traders are bullish on MeetMe (NASDAQ:MEET) as it has outperformed the S&P 500 by a wide margin of 33.04% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.22%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.57% in the last 1 week, and is up 35.19% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 247.62% from its 1 Year high price. On Jul 7, 2016, the shares registered one year high at $6.00 and the one year low was seen on Aug 26, 2015. The 50-Day Moving Average price is $4.51 and the 200 Day Moving Average price is recorded at $3.52.
The stock has recorded a 20-day Moving Average of 17.85% and the 50-Day Moving Average is 42.2%.
MeetMe (NASDAQ:MEET): On Fridays trading session , Opening price of the stock was $5.95 with an intraday high of $5.96. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.81. However, the stock managed to close at $5.84, a loss of 0.68% for the day. On the previous day, the stock had closed at $5.88. The total traded volume of the day was 1,781,341 shares.
In an insider trading activity, The director, of Meetme, Inc., Abbott John had unloaded 85,000 shares at $4.62 per share in a transaction on June 14, 2016. The total value of transaction was $392,700. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
MeetMe, Inc. is a location-based social network for meeting new people both on the Web and on mobile platforms, including on iPhone, Android, iPad and other tablets that facilitate interactions among users. The Company is a social media technology company that owns and operates MeetMe.com. The Company monetizes through advertising, in-app purchases, and paid subscriptions. The Company provides users with access to a menu of resources that promote social interaction, information sharing and other topics of interest to users. The Company had approximately 4.98 million monthly active users (MAUs). The Company offers online marketing capabilities, which enable marketers to display their advertisements in different formats and in different locations. The Company works with its advertisers to maximize the effectiveness of their campaigns by optimizing advertisement formats and placement.