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IAC/InterActiveCorp (IACI) Worth Watching: Stock Surges 14%

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IAC/InterActiveCorp was a big mover last session, as the company saw its shares rise by nearly 14% on the day. The move came on solid volume too with 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 23% in the past one-month time frame.

This media and Internet company has seen 7 positive estimate revisions in the last 60 days, while its Zacks Consensus Estimate has also moved higher over the same period. This implies more solid trading ahead for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s sharp climb can turn into more strength down the road.

InterActiveCorp currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Better-ranked stocks in the Internet commerce industry include Autobytel Inc. , Geeknet, Inc. and Inc. (STMP - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy).

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