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Micro-Cap on the Move; Atrinsic Inc. (ATRN)

By Warren Paige

Shares of Atrinsic Inc. (PINK: ATRN), a marketer of direct-to-consumer subscription products and an Internet search-marketing agency, are gaining momentum in early trading today.

ATRN shares are currently trading 16.16% higher at $0.0999 on above average volume of 4.24 million. The stock rose to an intra-day high of $0.11 today.

ATRN shares have risen sharply this week. In the last three trading sessions, the stock has risen more than 98%. The gains have come despite there being no major development related to the company in the last few weeks.

Back in March, ATRN had said in a filing that it will not be filing its Annual Report on Form 10-K for the fiscal year ending December 31, 2011 and will also cease filing future reports under the Securities Exchange Act of 1934, as amended.

 

May 18th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.