In a filing, Bumble Inc revealed its 10% Owner BTOA – NQ L.L.C. unloaded Company’s shares for reported $27.85 million on Mar 03 ’24. In the deal valued at $11.10 per share,2,509,316 shares were sold. As a result of this transaction, BTOA – NQ L.L.C. now holds 12,802 shares worth roughly $0.13 million.
Then, BCP Buzz Holdings L.P. sold 2,509,316 shares, generating $27,845,378 in total proceeds. Upon selling the shares at $11.10, the 10% Owner now owns 12,802 shares.
Before that, BX Buzz ML-1 GP LLC sold 2,509,316 shares. Bumble Inc shares valued at $27,845,378 were divested by the 10% Owner at a price of $11.10 per share. As a result of the transaction, BX Buzz ML-1 GP LLC now holds 12,802 shares, worth roughly $0.13 million.
Raymond James downgraded its Bumble Inc [BMBL] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Buy”‘ rating for it. Wells Fargo began covering BMBL with “an Overweight” recommendation on December 07, 2023.
Price Performance Review of BMBL
On Friday, Bumble Inc [NASDAQ:BMBL] saw its stock fall -2.59% to $10.53. Over the last five days, the stock has lost -7.22%. Bumble Inc shares have fallen nearly -28.56% since the year began. Nevertheless, the stocks have fallen -43.99% over the past one year. While a 52-week high of $21.06 was reached on 01/09/24, a 52-week low of $10.36 was recorded on 03/15/24. SMA at 50 days reached $12.15, while 200 days put it at $14.64. A total of 2.84 million shares were traded, compared to the trading of 1.14 million shares in the previous session.
Levels Of Support And Resistance For BMBL Stock
The 24-hour chart illustrates a support level at 10.44, which if violated will result in even more drops to 10.34. On the upside, there is a resistance level at 10.69. A further resistance level may holdings at 10.84. The Relative Strength Index (RSI) on the 14-day chart is 36.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.00%. Stochastics %K at 39.30% indicates the stock is a holding.
How much short interest is there in Bumble Inc?
A steep rise in short interest was recorded in Bumble Inc stocks on Mar 15, 2024, growing by 1.88 million shares to a total of 11.22 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 9.34 million shares. There was a rise of 16.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 20.49% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.76.
