Insider Buying: Inuvo Inc (NYSEAMERICAN:INUV) Director Buys 1,650,000 Shares of Stock

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Inuvo Inc (NYSEAMERICAN:INUV) Director Charles D. Morgan acquired 1,650,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were purchased at an average price of $0.30 per share, with a total value of $495,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

INUV opened at $0.31 on Friday. Inuvo Inc has a twelve month low of $0.26 and a twelve month high of $1.75.

Inuvo (NYSEAMERICAN:INUV) last posted its quarterly earnings data on Wednesday, May 15th. The technology company reported ($0.08) earnings per share for the quarter. The firm had revenue of $15.47 million for the quarter.

A hedge fund recently raised its stake in Inuvo stock. Perkins Capital Management Inc. boosted its stake in Inuvo Inc (NYSEAMERICAN:INUV) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 652,527 shares of the technology company’s stock after purchasing an additional 11,082 shares during the quarter. Perkins Capital Management Inc. owned about 2.02% of Inuvo worth $809,000 as of its most recent SEC filing.

About Inuvo

Inuvo, Inc, together with its subsidiaries, a technology company, provides data-driven platforms that automatically identify and message online audiences across video, mobile, connected TV, display, and social and native devices, channels, and formats in the United States. The company's digital marketplace allows advertisers and publishers the opportunity to buy and sell advertising space in real time.

See Also: Risk Tolerance

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