Local Corporation Director Purchases $3,560 in Stock (LOCM)
Local Corporation (NASDAQ:LOCM) Director John E. Rehfeld purchased 2,000 shares of the stock on the open market in a transaction that occurred on Friday, June 6th. The stock was purchased at an average price of $1.78 per share, with a total value of $3,560.00. Following the completion of the transaction, the director now directly owns 107,000 shares of the company’s stock, valued at approximately $190,460. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Local Corporation (NASDAQ:LOCM) traded up 1.63% during mid-day trading on Monday, hitting $1.87. 36,412 shares of the company’s stock traded hands. Local Corporation has a one year low of $1.44 and a one year high of $2.30. The stock’s 50-day moving average is $1.81 and its 200-day moving average is $1.72. The company’s market cap is $43.5 million.
Local Corporation (NASDAQ:LOCM) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.08) by $0.04. Analysts expect that Local Corporation will post $-0.27 EPS for the current fiscal year.
Local Corp, formerly Local.com Corporation, operates a local media advertising company that enables local businesses and consumers to find each other and connect.
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