Mobivity Holdings Corp
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Communication Services : Interactive Media & Services |
Company profile

Mobivity Holdings Corp. is engaged in the business of developing and operating platforms, over which brands and enterprises can conduct national and localized, data-driven marketing campaigns. The Company's Recurrency platform enables multi-unit retailers to leverage their own data to yield maximum customer spend, frequency and loyalty while achieving the highest Return on Marketing Spend (ROMS) possible. Its Recurrency, is delivered as a software-as-a-service (SaaS) platform. Its technology provides transactional data, in real-time, that uncovers market-basket information and attributes, both online and traditional promotions. Recurrency captures, normalizes, integrates, and stores transaction data and is compatible with various point-of-sale (POS) systems used by restaurants and retailers. Recurrency provides a digital wallet system for creating and managing offers and promotions, enabling closed-loop attribution across all channels, media, and marketing efforts.

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Home builder stocks hit hard after disappointing housing starts data

8:48 am ET June 16, 2022 (MarketWatch)

Share of home builders were broadly lower Thursday, after data showing that U.S. housing starts fell a lot more than expected in May. The iShares U.S. Home Construction ETF (ITB) sank 2.0% in premarket trading, putting it on track for a near two-year low, as futures for the S&P 500 shed 1.7%. Among the ETF's more active home builders, Lennar Corp. (LEN) dropped 2.7%, Toll Brothers Inc. (TOL) fell 1.9%, KB Home (KBH) slid 3.4%, PulteGroup Inc. (PHM) lost 0.7% and D.R. Horton Inc. (DHI) shed 3.0%. The ETF's biggest premarket decliner was Tri Pointe Homes Inc.'s stock (TPH), which slumped 5.3% after a B. Riley downgrade to neutral from buy, amid concerns over lower future new order activity for the industry as interest rates rise. The annual rate of housing starts in May fell 14.4% to 1.55 million, compared with expectations of a 2.3% decline to a 1.68 million rate. Elsewhere in the housing sector, shares of home improvement retailer Home Depot Inc. (HD) lost 0.5% and online real estate services platform Redfin Corp. (RDFN) fell 3.0%.

-Tomi Kilgore


(END) Dow Jones Newswires

June 16, 2022 08:48 ET (12:48 GMT)

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