IAC/InterActiveCorp (NASDAQ: IACI) stock is falling this morning as investors worry about a looming power struggle between magnates Barry Diller and John C. Malone over a potential restructuring plan. Diller wants to separate IACI's five major entities into five publicly traded parts, which would strip Malone's Liberty Media (NASDAQ: LINTA) of voting rights in the spinoff companies. Also in the news today is a report that the dispute will likely end up in court sometime in March. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on IACI.

After hitting a one-year high of $40.99 last February, the stock hit a one-year low of $23.30 last month. This morning, IACI opened at $26.08. So far today the stock has hit a low of $25.52 and a high of $26.44. As of 10:50, IACI is trading at $25.75, down $0.52 (-2.0%). The chart for IACI looks bearish but improving slightly, while S&P gives the stock a positive 4 STARS (out of 5) buy rating.