Why Cardlytics Stock Skyrocketed Today

Shares of digital advertising company Cardlytics (CDLX 26.52%) skyrocketed on Monday after the company settled a lawsuit and reported preliminary financial results for the fourth quarter of 2023. As of 9:50 a.m. ET, Cardlytics stock was up about 34%. That said, it's still down 95% from its high set in 2021.Are things looking up for Cardlytics?Cardlytics works with financial institutions to manage their reward programs. It then takes this information to help marketers better target consumers. Even though the ...