MeetMe (MEET) : Mondays money flow indicated an uptick to downtick ratio was at 1.15. The total value of inflow transactions on upticks was $1.63 million, whereas, the total value of outflow trades on downticks was $1.41 million. The total money flow was $0.22 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0.47 million. The total value of the trades done on upticks was $0.47 million. MeetMe (MEET) was trading with a -6.95% change over previous days close. It fell $0.51 during the day and reached $6.83. The stock was -7.71% compared to the previous weeks close.
MeetMe, Inc. has lost 16.55% in the last five trading days and dropped 3% in the last 4 weeks. MeetMe, Inc. is up 80.35% in the last 3-month period. Year-to-Date the stock performance stands at 71.79%.
MeetMe (NASDAQ:MEET): The stock opened at $7.41 on Monday but the bulls could not build on the opening and the stock topped out at $7.45 for the day. The stock traded down to $5.94 during the day, due to lack of any buying support eventually closed down at $6.15 with a loss of -16.21% for the day. The stock had closed at $7.34 on the previous day. The total traded volume was 11,768,012 shares.
In a related news, The director, of Meetme, Inc., Rhodes Spencer Garrett had unloaded 70,182 shares at $7.36 per share in a transaction on August 3, 2016. The total value of transaction was $516,540. 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.