Shares of LiveDeal, Inc (LIVE) rallied 35% on Tuesday after CEO Jon Isaac announced plans to purchase up to 250,000 shares of company’s common stock in open-market transactions.
Isaac will start buying LIVE shares as soon as Oct. 23 and may continue thereafter for an indeterminate amount of time after. The mobile marketing company said Isaac may consider to purchase additional shares in subsequent open-market transactions.
Isaac said in a statement he believes LiveDeal’s stock “remains highly undervalued in the market.” He also noted that “The proposed stock purchases is symbolic of my confidence in the company and its mission to provide the highest level of service for our customers and the best deals available in the industry to consumers.”
LiveDeal, Inc. gained $1.03 to $3.66 in mid-day trading today. Ticker is currently printing a higher than average trading volume with the issue trading 6.3M shares, compared to the average volume of 363,543. LIVE began trading this morning at $3.14 to trade up $1.12 or 42.58% from the prior days close of $2.63. On an intraday basis it has gotten as low as $3.14 and as high as $3.83.
In the past 52 weeks, shares of Las Vegas, Nevada-based company have traded between a low of $0.94 and a high of $11.94 with the 50-day MA and 200-day MA located at $3.08 and $3.92 levels, respectively.
LIVE currently prints a one year return of about 155.34% and a year-to-date return of around 97.74%.
Yahoo! Inc. (YHOO) – According to Re/Code’s Kara Swisher, going private is among potential scenarios seen for the web portal. Sources close to Yahoo CEO Marissa Mayer said she is determined “to continue to push through a vision of a video-heavy, mobile-focused content juggernaut that serves up lucrative advertising opportunities to marketers.” According to Swisher, the “most intriguing possibility of all” that she has heard over the last weeks is that Yahoo “prepare to dispense with its Asian assets over the next year, return a big chunk of the money to shareholders and hook up with a large private equity firm to take the whole shebang private.”
Yahoo was last changing hands at $39.91 a share, up 1.71%. The company reports on its quarterly results after the closing bell.
Enphase Energy, Inc. (ENPH) shares are currently printing a large uptick, gaining nearly 8% on the day. The company announced in a press release that its Enphase AC Battery, an advanced energy storage solution with a modular, plug-and-play storage device fully integrated with the just-introduced Enphase Energy Management System.
Enphase Energy, currently valued at $561.68M, has a median Wall Street price target of $16.00 with a high target of $20.00. Approximately 473,782 shares have already changed hands, compared to the stock’s average daily volume of 880,815.
In the past 52 weeks, shares of the provider of microinverter systems for the solar photovoltaic industry have traded between a low of $4.54 and a high of $17.97 with the 50-day MA and 200-day MA located at $7.94 and $7.52 levels, respectively. Additionally, shares of ENPH trade at a P/E ratio of 8.74 and have a Relative Strength Index (RSI) and MACD indicator of 51.09 and +0.73, respectively.
ENPH currently prints a one year return of about 38.35% and a year-to-date return of around 92.90%.
Enphase recently traded at $13.09, up 86 cents.
ZaZa Energy Corporation (ZAZA) is trading at unusually high volume Tuesday with 345,083 shares changing hands. It is currently at nearly 10x its average daily volume and trading up $1.19, or 56%, at $3.19 as of 2:01 p.m. ET.
ZaZa Energy is currently valued at $40.78M. In the past 52 weeks, shares of Houston, Texas-based oil company have traded between a low of $1.66 and a high of $14.70 with the 50-day MA and 200-day MA located at $3.77 and $6.14 levels, respectively. Additionally, shares of ZAZA have a Relative Strength Index (RSI) and MACD indicator of 41.00 and -0.25, respectively.
ZAZA currently prints a one year loss of about 85.29% and a year-to-date loss of around 78.54%.
The chart below shows where the stock has traded over the last year, with the 50-day and 200-day moving averages included.
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply