Today, The Bowser Report issued a daily mover alert on
MeetMe, Inc. (MEET), which gained 10% or more today.
After reporting earnings on November 3, the company closed
down $0.39 per share, or 13.93%. Today’s move recovered that loss and some. The
company even hit a 52-week high of $3.07 intraday.
We couldn’t find any direct rhyme or reason as to today’s
move, but it is clear that there was enormous buying pressure driving the
stock’s price up.
MEET is currently in Category 1. The company reported a $2
million loss in the most recent quarter, but $5.7 million was a one-time bad debt
expense related to the company’s termination of Beanstalk Media’s advertising
services
To learn more about The Bowser Report, visit
https://thebowserreport.com
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