Benzinga | Dec 16, 2020 04:03PM EST

Why IZEA Worldwide's Stock Is Trading Higher Today

Izea Worldwide (NASDAQ:IZEA) shares are trading higher on Wednesday after the company announced it was awarded a mid-six-figure contract from a Fortune 500 manufacturer.

Izea Worldwide is an online marketplace connecting marketers with the content creator that produce and distribute text, videos and photos for marketers, blogs and social media channels. The marketers include brands, agencies, and publishers that use the company's technology for the engagement of online influencers for influencer marketing campaigns or the creation of stand-alone content for distribution through their owned channels.

Izea Worldwide shares were trading up 8.96% at $1.01. The stock has a 52-week high of $3.13 and a 52-week low of 7 cents.