Why IAC/InterActiveCorp Stock Rose 17% Last Month : comparem

Why IAC/InterActiveCorp Stock Rose 17% Last Month


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What happened
Shares of 
IAC/InterActiveCorp (NASDAQ:IAC) were moving higher last month after the company posted strong monthly metrics for March and took steps toward spinning off Vimeo, a YouTube competitor. IAC also benefited from broader enthusiasm for the economic reopening, especially at the beginning of April.
According to data from S&P Global Market Intelligence, the stock finished the month up 17%. The chart below shows the gains for the diversified media company came in the first half of the month before it traded up and down in the second half of April.

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