LiveDeal Acquires DealTicker.com; Parsley Energy Soars on IPO


Follow this company

Companies Mentioned

NASDAQ:LIVE / NYSE:PE
05/27/2014 [ACCESSWIRE]

LiveDeal, Inc. (NASDAQ: LIVE) share soared this past Friday after the company reported that it has a current cash position of almost $10 million, which it intends to invest in the company's expected growth through acquisition. Two weeks earlier, LiveDeal announced that it had acquired deals site DealTicker.com. "LiveDeal's main focus is now squarely on competing in the online/mobile deal space and building a framework for success around its real-time and instant offers platform," the company said in a statement.

LiveDeal, Inc., together with its subsidiaries, provides customer acquisition and online listing services for small and medium-sized local businesses in the United States. It offers online presence marketing products, including template and custom Website design for desktop or mobile devices; social media marketing; and content marketing, such as blog postings and commenting, updating client’s Websites, blog commenting, social bookmarking, social media directory listing, and profile submission to the search engines.

Get more information on LiveDeal, Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/LIVE

TrendingWallStreet.com wants to help everyday people gain awareness about some of the hottest penny stocks trading in the stock market today. TrendingWallStreet.com releases momentum alerts on companies that you may have never heard about or thought about looking at. Take a few minutes to register with us at http://www.trendingwallstreet.com/ to get full access to our free stock reports.

Parsley Energy, Inc. (NYSE: PE) made its debut on the NYSE in its IPO this past Friday. The stock opened higher on Friday after the oil driller and some of its early shareholders sold more shares than planned at a higher price than expected in an IPO., according to the Wall Street Journal. Parsley and the existing holders sold 50 million shares for $18.50 each, raising $925 million before the potential sale of additional shares to underwriters. That topped Parsley's expectation for a 43.9 million-share offering fetching between $15 and $18 a share, according to a regulatory filing, the Journal said. 

 Parsley Energy, Inc. is engaged in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties located primarily in the Permian Basin region of West Texas. The company primarily holds working interests in the Delaware Basin, as well as in 530 gross producing wells located in the Midland Basin.

Get more information on Parsley Energy, Inc. and free access to the in depth equity report at” www.TrendingWallStreet.com/stockquote/PE

 

Disclosure: TrendingWallStreet.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.

COMMENTS

Leave a comment...
 * 

Your Name
 *