Izea Inc (NASDAQ: IZEA)
Izea is having an overwhelmingly strong day in the market today, and recently, the gains got so big that the stock was halted for a few minutes. This prompted our partners at Trade Ideas to alert us of the movement, and prompted the CNA Finance team to start digging to see what was happening. At the moment (1:59), IZEA is trading at $4.32 per share after a gain of $1.27 per share or 41.59% thus far today.
What’s Going On With IZEA
As soon as we received the alert, the CNA Finance team went to work to see why Izea was making a run for the top. The truth is that there’s simply not much out there. The one thing that we found was that the company plans on reporting its earnings tonight after the closing bell. So, considering the lack of data out there, we have to assume that the gains are ultimately the result of excitement ahead of earnings.
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on IZEA. In particular, we’ll be watching for the company’s earnings report, and we hope that the performance justifies the massive gains that we’ve seen on the stock this afternoon. Nonetheless, we’ll continue to keep a close eye on the stock and bring the news to you as it breaks!
What Do You Think?
Where do you think IZEA is headed moving forward? Join the discussion in the comments below!
Never Miss The News Again
Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!
[Image Courtesy of Pixabay]