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Micro-Cap in Focus; LuxeYard Inc. (LUXR)

By Warren Paige

LuxeYard Inc. (PINK: LUXR), a members-only flash sale site for luxury home furnishings, décor and fashion, this month, expanded its product offerings.

Earlier this month, LUXR entered into an agreement to acquire LeatherGroups.com, which is the online division of furniture retailer homeLOFT. Tony Winders, Executive Vice President of Revenue at LuxeYard, said that LeatherGroups.com is the perfect complement to LUXR’s core home furnishings flash sale business and demonstrates the company’s ability to make strategic acquisitions necessary to achieve its long-term objectives.

Last week, LuxeYard announced that it expanded into the men’s apparel sector. LUXR said that its members-only website will feature 10 to 15 designer labels, as well as popular up-and-coming brands at discount of up to 70% of retail on a range of apparel and accessories.

LUXR shares rose sharply in Tuesday’s trading session. The stock ended the day 11.76% higher at $1.33.

 

May 23rd, 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.