Inuvo (INUV) Stock Enters the Bearish Trend: How to Trade Now?

Artificial intelligence-powered marketing technology solutions provided Inuvo Inc (NYSE: INUV) had seen its stock go on a strong rally earlier on this year and in February it had hit its peak. Since then the stock faltered and has declined by as low as 70% so far.

Inuvo (INUV) Stock Enters the Bearish Trend: How to Trade Now?

While the decline in the stock price may be alarming it is also necessary to note that towards the end of March Inuvo made a key announcement that might have brought some cheer for investors.

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The company announced that it had managed to beat the KPO goals set by one of its clients by 200%. Inuvo stated that in a marketing campaign sponsored by the state regarding spreading awareness about the importance of breastfeeding, the company managed to reach a higher number of pregnant and minority mothers than the target. It is a significant development for the company and one that could lead to more business of this nature. It might be a good idea to keep an eye on the INUV stock.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.