CE 100 Index Gains 2.1% as Porch Soars and Fiverr Roars After Earnings
Porch(PRCH) PYMNTS.com·2024-11-03 23:52
The avalanche of earnings reports continued this past week, driving the CE 100 Index 2.1% higher. Porch Group shares surged nearly 73% and drove the Live segment ahead by 7.6%.The company said this week that the Texas Department of Insurance has approved its application to form and license Porch Insurance Reciprocal Exchange, a new homeowners insurance reciprocal exchange. The company said in its announcement that “forming PIRE is a key step in Porch’s strategy to increase profitability and stabilize earn ...