Somewhat Positive Press Coverage Somewhat Unlikely to Affect Marchex (MCHX) Stock Price

News articles about Marchex (NASDAQ:MCHX) have been trending somewhat positive this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Marchex earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.8969659568373 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

MCHX has been the subject of a number of analyst reports. Zacks Investment Research raised Marchex from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research note on Thursday, November 9th. ValuEngine raised Marchex from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.

Shares of Marchex (NASDAQ:MCHX) opened at $3.24 on Tuesday. Marchex has a 52 week low of $2.50 and a 52 week high of $3.75.

In other news, major shareholder Prescott Group Capital Managem sold 1,100,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $3.10, for a total transaction of $3,410,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 27.35% of the company’s stock.

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Marchex Company Profile

Marchex, Inc is a mobile advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. Its media analytics products can provide actionable intelligence on media channels advertisers use to acquire customers over the phone. Its Marchex Omnichannel Analytics Cloud helps marketers connect customer conversions driven from paid media channels, including search, display and video, social and sites, to phone calls made to a business.

Insider Buying and Selling by Quarter for Marchex (NASDAQ:MCHX)

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