Ebix Up 2% After The Plunge (EBIX)

Ebix, Inc.

shares are rebounding today, gaining 2.4% after plunging some 25% yesterday on a Seeking Alpha article yesterday. The company's CEO came out and publicly defended the company on Bloomberg television yesterday, and it seems to be working, at least for today. Ebix, Inc., together with its subsidiaries, provides software and e-commerce solutions to the insurance industry primarily in North America, Australia, New Zealand, India, and Singapore.