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Stock Investors Bid Up Shares of IAC/InterActiveCorp, Up 2.9%

Published on Tue, 03/05/2013 - 13:18
By Peter Chu

One of today's stocks on the move is IAC/InterActiveCorp (NASDAQ:IACI), up 2.9% to $42.19. The S&P is currently trading 1.0% higher to 1,541 and the Dow Jones Industrial Average is trading 1.0% higher to 14,269.

In the past 52 weeks, shares of IAC/InterActiveCorp have traded between a low of $33.89 and a high of $55.57 and are now at $42.19, which is 24% above that low price. The 200-day and 50-day moving averages have moved 0.23% lower and 0.68% lower over the past week, respectively.

Potential upside of 31.8% exists for IAC/InterActiveCorp, based on a current level of $42.19 and analysts' average consensus price target of $55.60. The stock should run into initial resistance at its 50-day moving average (MA) of $43.08 and subsequent resistance at its 200-day MA of $47.17.

IAC operates more than 50 leading and diversified Internet businesses across 30 countries including UrbanSpoon, CitySearch, Vimeo, Ask.com, and many more. The company's mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world. For a full list of all of IAC's businesses and web properties, please visit www.iac.com.

By Peter Chu
pchu@fnno.com

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