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Benzinga
Benzinga
Business
Henry Khederian

Cardlytics (CDLX) Stock Soars Over 50% On AmEx News And Citron Tweet

Cardlytics CDLX AMEX Citron Citron Research American Express American Express Co BofA Chase
Binary,Options,Chart

Shares of advertising-platform Cardlytics Inc (NASDAQ:CDLX) are surging Thursday morning. The rally was ignited by a bullish tweet from Citron Research connecting Cardlytics to news of the American Express Co (NYSE:AXP) Platinum card refresh.

What To Know: On Thursday, CNBC reported that American Express is updating its flagship card with a higher $895 annual fee but with benefits increasing to $3,500. Citron Research tweeted that this move signals the growing importance of first-party data, calling CDLX the “next fallen angel to trade much higher”.

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