INUV Stock Alert: 13 Things to Know About AI Play Inuvo

Inuvo (NYSEAMERICAN:INUV) stock is on the rise Wednesday and we have everything investors need to know about the artificial intelligence (AI) company.

a visual representation of the data underlying an artificial intelligence (AI) powered solution

Source: Shutterstock

  • To start off with, the recent increase in shares comes after the company announced new direct offerings of INUV stock.
  • The first offering was announced last Thursday and just closed up on Tuesday.
  • This saw the company sell 13,333,334 shares of its stock for 60 cents each to raise $8 million.
  • Then, just today, the company announced another direct offering for INUV stock.
  • This has it selling 5,681,817 shares at $1.10 each to raise a total of $6.25 million.
  • That direct offering is set to close on Friday.
  • Inuvo is an AI company that makes use of machine learning to offer ad campaigns to customers.
  • Its IntentKey platform is able to associate “ideas, emotions, places, people and objects” in a way similar to the human brain.
  • This allows the company to better target possible customers that might be missed with a normal ad campaign.
  • Inuvo was founded in October 1987 and went public the following year in August.
  • The company is led by Richard Howe, who joined its Board of Directors in 2008.
  • Howe has plenty of experience in marketing having previously worked for Axciom Corporation (NASDAQ:ACXM) and other marketing companies.
  • Inuvo’s current market capitalization is sitting at $222.93 million.

INUV stock was up 45.2% as of Wednesday morning and is up 348.9% since the start of the year.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

Article printed from InvestorPlace Media,

©2022 InvestorPlace Media, LLC