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Wednesday, May 25, 2022

Inuvo, Inc. (INUV) Stock Drops Post Market Following an Insider Trading.

Inuvo, Inc. (INUV) is a leading AI platform built for the sole purpose of advertising having the most advanced IntentKey AI solution. The company’s shares slightly rose by 1.0% to remain at $0.47 at the closing of Friday’s regular trading session. The price dipped by 5.62% in the aftermarket session. The current stock price as of the writing stands at $0.45.


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INUV: Recent Developments

On April 8, INUV filed the statement of changes in beneficial ownership of securities or Form 4 with the SEC. Two insider transactions were reported by new board members Bond Jonathan and Lee Kenneth. Also, the company appointed two independent members of the Board of Directors. Kenneth Lee served as a Senior Vice President at Ingalls & Snyder and has unprecedented experience in capital markets and as an investment executive. Jonathan Bond had already served as the Co-Founder and CEO of Kirshenbaum Bond Senecal & Partners LLC. He is a leader in the marketing and advertising sectors. The number of Board of Directors members increase to six following the appointments of Mr. Lee and Mr. Bond.

INUV: Industry Outlook

The software marketing industry stocks almost bounced back from their mid-week losses. The industry remains one of the leading performers in today’s stock market as the global reliance on tech is ever-increasing day by day. As a result, software service providers are likely to stick around in the long term. The vast software industry is developing at a much faster pace than ever. Giant companies such as UBER are making a series of software integrations with ticketing platforms to provide their customers with the most convenient transportation facility of their choice.

INUV: Company Outlook

INUV reported a remarkable 54% increase in its fourth-quarter revenue, which stood at $19.7 million. Also, its EPS remained in line with the expectations. The company achieved a major milestone as it was awarded by the Arkansas Business as the Business of the year. It collaborated with Halo Collar in March for the promotion of the Go-Anywhere Wireless Dog Fence.

Conclusion

INUV shares slipped by 47% in the past year as the restrictions were imposed during the pandemic. The current post-market decline is likely attributed to the insider trading of April 8 or the filing of Form 4 with the SEC.

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