Dallas, Texas 11/06/2013 (Financialstrend) – In Tuesday’s trading, IAC/InterActiveCorp (NASDAQ:IACI) dropped by 0.50%. The opening price of the shares was $55.68, which climbed to an intraday high of $55.90 and dipped to a close of $55.40. Approximately 2.34 million shares were traded on Tuesday while an average volume of 1.30 million shares were traded over a 30 day period. The 52-week low of IAC/InterActiveCorp (NASDAQ:IACI) shares is $38.20 and its 52-week high is $58.06. The company has a market capitalization of $4.59 billion.
About the company
IAC/InterActiveCorp (NASDAQ:IACI) was incorporated on 28 July 1986, is a media & Internet company is made up of more than 150 brands & products. IAC/InterActiveCorp (NASDAQ:IACI) segment includes Search and Applications, Local, Match, Media & other. The company’s Search & Applications segment is made up of Websites, like Ask.com, About.com & Dictionary.com. Via these websites, the company provides search services & content & applications, including like the direct-to-customer downloadable applications business.
It also offers the partnership operations and the downloadable Ask.com and Dictionary.com applications. Via the brands & businesses win its Match segment, the company provider of subscription-based & ad-supported online personal-s services in Europe, North America, Latin America, Asia and Australia. Its Local segment is made up of HomeAdvisor & the CityGrid Media. IAC/InterActiveCorp (NASDAQ:IACI)’s Media segment is primarily made up of Connected Ventures, Vimeo, News_Beast Electus and DailyBurn. In 2012 August , News_Beast acquired DateHookup.com.
Search & Applications
IAC/InterActiveCorp (NASDAQ:IACI)’s Websites & Applications businesses provides search -services to its users. Generally, these search services involve the generation & display of hyperlinks to different Websites that are considered to be relevant to search-queries entered by users. Apart from these algorithmic search-results, the paid listings are generally displayed in response to the search queries. Its Websites, via which the company provides search, content & other services, mainly consist of Ask.com.