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Micro-Cap on the Move; LuxeYard Inc. (LUXR)

By Warren Paige

Shares of LuxeYard Inc. (PINK: LUXR), operator of a member-based online marketplace for luxury home and other consumer related products, rose sharply in trading today.

LUXR shares ended the day 9.62% higher at $0.285 on above average volume of 956,071. The stock touched an intra-day high of $0.38 today.

LUXR shares rallied after the company announced that it has surpassed 700,000 members milestone. The company said that the milestone was achieved mainly due to an increased focus on targeting higher quality marketing channels as well as new site functionality.

Joshua Thompson, LuxeYard’s CMO, said that member feedback has been critical and the company is implementing changes to its core e-commerce interface and marketing strategy to accommodate their suggestions for an enhanced experience with LUXR. Thompson said that LUXR wants its members to know that they can have access to luxury goods and products at any and every phase of their lives.

 

July 17th, 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.