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IAC/InterActive (IAC) Jumps: Stock Rises 7.7%

Zacks Equity Research
Updated

IAC/InterActiveCorp IAC was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on 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 price range of $145.53 to $157.41 in the past one-month time frame.

The move came after the company reported better-than-expected second-quarter 2018 results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

IAC/InterActive currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.  

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IAC/InterActiveCorp Price

IAC/InterActiveCorp Price | IAC/InterActiveCorp Quote

Another stock worth considering in the Internet - Commerce sector is Amazon.com, Inc.AMZN, which also carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Is IAC going up? Or down? Predict to see what others think:Up or Down

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. FQCOM investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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IAC/InterActiveCorp (IAC) : Free Stock Analysis Report
 
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