Benzinga | Oct 6, 2020 10:36AM EDT

Why MDC Partners Stock Is Trading Higher Today

MDC Partners (NASDAQ:MDCA) shares are trading higher on Tuesday after the company confirmed the progress in discussions for a potential business combination with Stagwell.

MDC Partners is a marketing company. The company operates in five segments namely, Global Integrated Agencies; Domestic Creative Agencies; Specialist Communications; Media Services, and All Other. It generates maximum revenue from the Global Integrated Agencies segment.

MDC Partners shares traded up 15.56% to $2.08 on Tuesday. The stock has a 52-week high of $3.43 and a 52-week low of $1.01.