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-0.00029600925701684 -0.000161459594736423 -0.000538198649121475 -0.000430558919297065 0.00104948736578675 0.00226043432630993 0.0048168779096365 0.00925701676488795
Stock impact report

Why IAC (IAC) Stock Is Trading Lower Today [Yahoo! Finance]

MGM Resorts International (MGM) 
Last mgm resorts international earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.mgmresorts.com
Company Research Source: Yahoo! Finance
The investment firm noted that the discount in IAC's valuation was much smaller than its five-year average. According to Oppenheimer's analysis, IAC's stock had also been trading as a proxy for MGM Resorts, with a strong correlation between the two. The firm also expressed concern about IAC's leadership being unwilling to sell or use the MGM stake differently. The downgrade also considered the performance of IAC's portfolio companies, mentioning that Care.com and Turo were still in turnaround phases. The stock's fall also came as the wider tech sector experienced downward pressure. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy IAC? Access our full analysis report here IAC's shares are somewhat volatile and have had 11 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change Show less Read more
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