Shares of MediaAlpha, Inc. (MAX) are gaining over 16% on Wednesday morning after the company's fourth-quarter loss narrowed from last year.
MAX is currently trading at $18.36, up $2.56 or 16.20%, on the NYSE. The stock opened its trading at $15.77 after closing Tuesday's trading at $15.80. The stock has traded between $5.08 and $18.94 in the past 52-week period.
Revenue for the quarter dropped to $388.1 million from $459.1 million last year.
Net loss for the quarter narrowed to $40.4 million or $0.89 per share from $57.7 million or $1.37 per share last year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.