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Local Corporation (NASDAQ:LOCM) Director John E. Rehfeld acquired 2,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 6th. The shares were purchased at an average cost of $1.78 per share, with a total value of $3,560.00. Following the purchase, the director now directly owns 107,000 shares in the company, valued at approximately $190,460. The purchase was disclosed in a filing with the SEC, which is available at this link.

Shares of Local Corporation (NASDAQ:LOCM) opened at 1.90 on Wednesday. Local Corporation has a 52-week low of $1.44 and a 52-week high of $2.30. The stock has a 50-day moving average of $1.81 and a 200-day moving average of $1.7. The company’s market cap is $44.2 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. On average, analysts predict that Local Corporation will post $-0.27 earnings per share for the current fiscal year.

Local Corp, formerly Corporation, operates a local media advertising company that enables local businesses and consumers to find each other and connect.

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