Meetme, Inc. (MEET) Files Form 4 Insider Selling : John Abbott Sells 75,000 Shares

Meetme, Inc. (MEET): John Abbott , director of Meetme, Inc. sold 75,000 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were sold at $4.85 per share for a total value of $363,750.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 16, 2016, John Abbott (director) sold 85,000 shares at $4.62 per share price.On Jun 8, 2016, Geoffrey Cook (Chief Executive Officer) sold 100,000 shares at $4.20 per share price.Also, On May 18, 2016, Frederic Beckley (General Counsel) sold 9,360 shares at $3.41 per share price.On May 18, 2016, William Alena (Chief Revenue Officer) sold 8,793 shares at $3.41 per share price.

MeetMe Inc: On Monday, Jun 20, 2016 heightened volatility was witnessed in MeetMe Inc which led to swings in the share price. The shares opened for trading at $4.79 and hit $4.99 on the upside , eventually ending the session at $4.85, with a gain of 3.85% or 0.18 points. The heightened volatility saw the trading volume jump to 21,18,102 shares. The 52-week high of the share price is $4.99 and the company has a market cap of $231 M . The 52-week low of the share price is at $1.32.

MeetMe Inc Money Flow Index Chart

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 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.

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