IAC/InterActiveCorp (IACI) was a big mover last session, as the company saw its shares rise more than 5% on the day. Shares moved up after the company announced its plans to pursue an IPO of its Match Group division. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile range of $74.42 to $78.67 in the past one-month time frame.
None of the estimates for this Internet commerce stock were revised over the past 30 days. However, the Zacks Consensus Estimate moved up over the same time frame, suggesting that more solid trading could be ahead for IAC/InterActiveCorp. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
IAC/InterActiveCorp has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, a better-ranked stock in the same space is Blue Nile Inc. (NILE), carrying a Zacks Rank #2 (Buy).
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