Why IAC Stock Skyrocketed Today
Shares of IAC (NASDAQ: IAC) were up 14% as of 12:44 p.m. ET on Wednesday following better-than-expected results for the first quarter. The company delivered revenue and earnings per share that were ahead of the consensus analyst estimate. IAC owns many online brands and media publications that may be familiar to some investors, including Angi, People, Daily Beast, and Food & Wine, to name a few.