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Penny Stock LuxeYard Inc. (LUXR) Trading marginally Lower in Friday’s Session

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Shares of LuxeYard Inc. (PINK: LUXR), operator of a member-based online marketplace for luxury home and other consumer products at a discount to retail prices, are down sharply in today’s trading.

At last check, the penny stock of LUXR was trading 6.82% lower at $1.23, with volume at 1.04 million. The stock is down more than 12% in the last three trading sessions.

Last week, LuxeYard provided a quarterly update to its shareholders. Braden Richter, CEO of LuxeYard, said that since in addition to rapid membership growth, LUXR has seen recent improvements in member quality and sales conversions, further indicating that the company is on right track with products that not only inspire, but are also priced to elicit a purchase.

Posted by on Friday, May 25th, 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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