LIVE: Why LiveDeal Stock Is Soaring Today

Advertisement

Shares of mobile restaurant marketing platform LiveDeal (LIVE) surged more than 12% in Wednesday midday trading after the company announced a huge surge in participating restaurants.

Restaurant

In a statement, LIVE said that it had “experienced a more than 400-percent increase in the number of restaurants that register with LiveDeal’s unique, real-time ‘deal engine’ on a daily basis.” LIVE cited its “recent 35-city ad campaign” and other promotional activities as driving the jump in new restaurant registrations.

LIVE CEO Jon Isaac said, “We are encouraged by the feedback we’ve received from restaurants across the many markets where our partners are providing their customers with deal opportunities, as well as the significant increase in the number of partners that sign up with us each day ”

LiveDeal’s geo-location based mobile marketing platform, livedeal.com, allows participating restaurants to send “‘real-time’ and ‘instant offers’ to nearby consumers”

On Tuesday, LIVE stock closed at $3.78 per share.

More Stocks to Watch:


Article printed from InvestorPlace Media, https://investorplace.com/2014/06/live-livedeal-stock-soaring-today/.

©2024 InvestorPlace Media, LLC