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Fly News Breaks for January 23, 2017
MEET
Jan 23, 2017 | 08:37 EDT
Roth Capital analyst Darren Aftahi notes that MeetMe's CEO disclosed a 250,000 stock sale under a 10b5-1 trading plan, terminating it as the executive does not intend to sell any more stock in 2017. The analyst believes this could remove a near-term overhang on the shares as some investors expected a renewal of the CEO's plan. He reiterates a Buy rating and $9.25 price target on the shares.
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