Inuvo Inc (NYSEAMERICAN:INUV) shares traded up 13.5% during mid-day trading on Friday . The company traded as high as $0.43 and last traded at $0.42. 447,758 shares changed hands during trading, an increase of 92% from the average session volume of 233,564 shares. The stock had previously closed at $0.37.
Inuvo (NYSEAMERICAN:INUV) last issued its quarterly earnings results on Wednesday, May 15th. The technology company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $15.47 million during the quarter.
An institutional investor recently bought a new position in Inuvo stock. Bank of New York Mellon Corp purchased a new stake in shares of Inuvo Inc (NYSEAMERICAN:INUV) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 39,042 shares of the technology company’s stock, valued at approximately $42,000. Bank of New York Mellon Corp owned about 0.12% of Inuvo at the end of the most recent quarter.
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.
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