Home / Street Sector / Concerns Diverting Active Stocks Direction- MeetMe (NASDAQ:MEET), Violin Memory (NYSE:VMEM)

Concerns Diverting Active Stocks Direction- MeetMe (NASDAQ:MEET), Violin Memory (NYSE:VMEM)

Shares of MeetMe, Inc. (NASDAQ:MEET) [Trend Analysis] runs in leading trade, it moving up 4.28% to traded at $5.85. The firm has price volatility of 5.78% for a week and 5.63% for a month. Its beta stands at 1.65 times. MeetMe, Inc. (MEET) reported that it now displays mobile banner ads to its international users. The firm first began testing international ad placements in late August of this year. Previous to that, it displayed ads only to its English-language users. Geoff Cook, CEO of MeetMe, stated, “Given the predictable raise in advertising rates in the fourth quarter, we are happy that our test of international ad placements has proceeded ahead of schedule with the launch of mobile banners to all non-English users. We will continue to experiment with other mobile ad units as well, comprising interstitials and native ads, as we seek to optimize the value of our international traffic.” Narrow down four to firm performance, its weekly performance was -6.66% and monthly performance was -4.92%. The stock price of MEET is moving down from its 20 days moving average with -0.01% and isolated negatively from 50 days moving average with -4.21%.

Several matter pinch shares of Violin Memory, Inc. (NYSE:VMEM) [Trend Analysis], as shares plunging -3.28% to $0.69 with a share volume of 37369. Violin Memory,  (NYSE:VMEM) reported that B&H Photo, a global, multi-billion dollar online electronics retailer with the largest independent photo and video store in the US and four-year Violin consumer, has deployed the new Violin’s Flash Storage Platform™ (FSP) 7700s and FSP 7300s. The recent adoption of the FSP 7700s and 7300s were aimed at accelerating performance of the firm’s major tier one applications that power its online sales orders and operations.

“Violin’s FSP has gone above and beyond our expectations for performance,” stated Krishna Tangirala, CTO at B&H Photo. “Our business has boomed over the last four years, and we needed a storage solution with the capacity and power to keep pace with large spikes in orders. The biggest difference now is that we don’t hear complaints from our business units any more. We don’t have performance issues, and our consumers are able to get exactly what they ordered and on time. That translates into repeat business, which in turn is important for the continued growth and expansion of our business. And that makes IT instrumental.” The stock is going forward its 52-week low with -1.40% and moving down from its 52-week high price with -90.52%. To have technical analysis views, liquidity ratio of a firm was calculated 1.60. The float short ratio was 8.83%, as compared to sentiment indicator; Short Ratio was 5.26.


About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

Check Also

Recommended Momentum ‘How’ and ‘Why’: PPG Industries (NYSE:PPG), Allergan (NYSE:AGN)

PPG Industries, Inc. (NYSE:PPG) [Trend Analysis] try to make new thrust in street and making different …

Leave a Reply

Your email address will not be published. Required fields are marked *