IAC/InterActiveCorp (IAC) Catches Eye: Stock Adds 14.3%

Zacks Equity Research

Updated Wed, May 3, 2017, 8:15 AM

IAC/InterActiveCorp IAC was a big mover last session, as its shares rose over 14% on the day. The move came after the company that the company has entered into a definitive agreement to combine its HomeAdvisor business with Indianapolis-based Angie's List in a stock-for-stock and/or cash-for-stock transaction. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 30% in the past one-month time frame.

The company has seen one positive and one negative estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.

IAC/InterActiveCorp currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

IAC/InterActiveCorp Price

IAC/InterActiveCorp Price | IAC/InterActiveCorp Quote

A better-ranked stock from the Internet-Commerce space is EVINE Live Inc. EVLV, sporting a Zacks Rank #1 (Strong Buy). 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

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IAC/InterActiveCorp (IAC): Free Stock Analysis Report

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IAC/InterActiveCorp (IAC) Catches Eye: Stock Adds 14.3%

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