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Fly News Breaks for May 10, 2019
MTCH, ANGI, IAC
May 10, 2019 | 08:28 EDT
Benchmark analyst Daniel Kurnos said he thinks IAC (IAC) shares are being unfairly punished due to an "overdone" selloff in Angi Homeservices (ANGI) despite "stellar" results from Match (MTCH). The analyst said he feels like investors "continue to choose one or the other, rather than the whole pie," and he feels confident enough in management's track record to view yesterday's selloff as an attractive entry point. Kurnos raised his price target on IAC shares to $280 from $260 and keeps a Buy rating on the stock.
News For IAC;ANGI;MTCH From the Last 2 Days
MTCH
Apr 23, 2024 | 13:26 EDT
Bullish option flow detected in Match Group with 5,462 calls trading, 1.2x expected, and implied vol increasing over 2 points to 47.46%. May-24 36 calls and 5/3 weekly 30 puts are the most active options, with total volume in those strikes near 4,900 contracts. The Put/Call Ratio is 0.65. Earnings are expected on May 7th.
