Millennial Media, Inc. (NYSE:MM) up by 6.11% – BYD

Boston, MA 04/07/2013 (wallstreetpr) – Millennial Media, Inc. (NYSE:MM) was up by 6.11% and closed to $6.43. The 52-week range of the stock is $5.87 and $19.98, and the stock is marginally 9.54% above its 52-week low. The stock has been heading southwards since past six months and is trading below its 50 days moving average of $9.34. The market capitalization of the stock is close to 509.15 million. 1.59 million Shares exchanged hands in its past trading session. MM has concluded its acquisition of mobile media buying service, Met resolver, which has its headquarters in San Francisco, for $14.0 million in cash.

The executives of Met resolver Mike Rowehl, Seamus McAteer and Cindy Mesaros will join MM. The integration of experienced and talented team together with a programmatic mobile ad-tech platform will empower MM to enhance its leadership in the mobile market. MM has also applied for a license in Myanmar in the hope of getting a share in the fresh market. Other competitors who have also shown an interest in the market are China Mobile, a group supported by George Soros, the largest mobile phone company of Africa, Bharti Airtel of India, MTN and Sing Tel of Singapore. MM have applied for a two 15 year license in Myanmar, the market in Myanmar is not has a penetration ratio of about 5-10% as compared to 100% in most of the developed markets.

Boyd Gaming Corporation (NYSE:BYD) was down by marginally 0.49% and closed to $8.19. With about 86.87 million outstanding shares the market capitalization of the stock is $711.48 million. The 52-week range of the stock is $4.75 and $8.87, the stock is 7.67% below its 52-week high. With a net upward trend the stock is now trading above its 50 days moving average of $7.20 and the RSI of the stock is 60.26 and is heading towards an oversold zone. With an average volume of 2.60 million; around 1.65 million shares exchanged hands in its past trading session. The stock has a negative EPS of $10.35. The ROA, ROE and ROI of the stock are -15.11%, -120.71% and -17.32%. The beta of the stock is 2.51.

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Published by Donna Fago

I believe in writing content Informing investors with the knowledge they need to invest better today- I have been following the markets for many years and was asked to join the team at recently due to my passion for the markets.