Why IZEA Worldwide Stock Was Climbing Today

Shares of IZEA Worldwide (NASDAQ: IZEA) were gaining ground today after the company issued a bullish update on its first quarter. The digital marketing company said that managed services bookings jumped 130% in the period. As a result, the stock was up 15.5% as of 11:09 a.m. EDT.

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In a press release, the company said its managed services set a record for the first quarter, after posting a healthy fourth-quarter increase of 47%. With 130% growth in the category in the first quarter, it's clear that momentum is building for managed services, which makes up the vast majority of the company's business.

Source Fool.com