MeetMe (MEET) : Traders are bullish on MeetMe (MEET) as it has outperformed the S&P 500 by a wide margin of 5.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.54%, 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 6.71% in the last 1 week, and is up 5.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.84% and the 50-Day Moving Average is 1.09%.The 200 Day SMA reached 44.95%
MeetMe (NASDAQ:MEET): After opening at $6.14, the stock dipped to an intraday low of $6.06 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $6.22 and the buying power remained strong till the end. The stock closed at $6.2 for the day, a gain of 1.31% for the day session. The total traded volume was 2,369,965. The stocks close on the previous trading day was $6.2.
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.