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.
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.
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.
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.