Local.com (LOCM +0.9%) moves up after Ladenburg comes to its defense, saying the company is an...

|About: Local Corporation (LOCM)|By:, SA News Editor

Local.com (LOCM +0.9%) moves up after Ladenburg comes to its defense, saying the company is an emerging industry leader and the stock's recent weakness is unwarranted. Ladenburg sees the selloff related to Groupon's (GRPN -1.8%) recent issues and is not based on anything fundamental, and recommmends using the weakness as a buying opportunity.