Stagwell Jumps After Holiday, AI Push in Focus
Stagwell shares rose 3.4% to $6.73 midday Tuesday, outpacing the broader market after the Memorial Day break. The company last reported Q1 revenue up 8% to $704 million but posted a larger GAAP net loss. Management reaffirmed its 2026 outlook and continued buybacks, purchasing 7.3 million shares in Q1. Trading volume reached about 660,000 shares.