NEW YORK (
) -- Shares of
) were gapping up Wednesday morning with an open price 11.8% higher than Tuesday's closing price. The stock closed at $37.79 Tuesday and opened today's trading at $42.25.
The average volume for IAC/InterActiveCorp has been one million shares per day over the past 30 days. IAC/InterActiveCorp has a market cap of $3.3 billion and is part of the
industry. Shares are up 31.7% year to date as of the close of trading on Tuesday.
IAC/InterActiveCorp engages in the Internet business in the United States and internationally. The company operates in four segments: Search, Match, ServiceMagic, and Media and Other. The company has a P/E ratio of 131.3, above the average retail industry P/E ratio of 108.8 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates IAC/InterActiveCorp as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
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