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LuxeYard Inc. (LUXR) Shares fall in Yesterday’s Trading

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Shares of LuxeYard Inc. (PINK: LUXR), a members-only flash sale site for luxury home furnishings, décor and fashion, tumbled in Wednesday’s trading session.

The penny stock of LUXR ended the day 22.73% lower at $1.19, with volume up from daily average of 1.65 million to 2.38 million.

LuxeYard this week provided an update on its recent business developments. Braden Richter, CEO of LuxeYard, said that since its launch in late January, LUXR is proud to have accomplished a lot in a very short period of time. Richter said that in addition to rapid membership growth, LUXR has seen recent improvements in member quality and sales conversions, further indicting that it is on the right track with products that not only inspire, but are also priced to elicit a purchase.


Posted by on Thursday, May 17th, 2012. Filed under Breaking News, Internet. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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