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LIVE is near a new 52-week high and has been moving strong. |
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Released on Friday, May 25, 2012, 7:00 PM ET
Pittsburgh, PA (SpeculatingStocks) - LiveDeal (NASDAQ:LIVE) is a social marketplace that specializes in providing great offers as they happen. The company delivers local restaurants, getaways, entertainment and other offers every hour and every day.
LIVE basically operates in the same space as Groupon (NASDAQ:GRPN), but is much, much smaller. LIVE helps deliver local customers for small and medium-sized businesses. LIVE is currently trading at a market cap of around $14.6 million and has 2.40 million shares outstanding and has around 738,000 shares in its float.
LIVE has been in an uptrend since mid-December last year. This stock moves very fast at times due to its low float and had a 15.4% move on Thursday, 5/24.
This stock has been more of a trade play recently, but the stock is nearing a new 52-week high with shares currently trading at $6.13 and the 52-week high level at $7.37.
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