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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