MarketWise Shares Fell Last Week With Eyes Now on Buyback and Dividend
MarketWise closed Friday at $17.24, down 0.29% for the day and 4.2% for the week. First-quarter billings rose 15% to $81.4 million, but cash flow from operations turned negative after higher marketing spending. The company holds its virtual annual meeting June 4 and will pay a $0.45 Class A dividend on June 25. Paid subscribers reached 381,000 at the end of March.