IAC/InterActiveCorp. Broke Out To A New High For The Year

IAC/InterActiveCorp. (IACI) reported second quarter adjusted EPS of $0.24 Wednesday morning, which beat the consensus estimate of $0.20.

IAC/InterActiveCorp. gapped up Wednesday and climbed for the majority of the morning. Shares rose further going into the close and finished higher by 1.05 at $24.78 on above average volume. The stock has been gaining ground for the past 3 weeks and set a new high for the year.

by RTTNews Staff Writer

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