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10% Owner BTOA – NQ L.L.C. sold 2,509,316 shares of Bumble Inc [BMBL]

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Bumble Inc shares valued at $27,845,378 were sold by BTOA – NQ L.L.C. on Mar 03 ’24. At $11.10 per share, BTOA – NQ L.L.C. sold 2,509,316 shares. The insider’s holdings dropped to 12,802 shares worth approximately $0.13 million following the completion of this transaction.

Also, BCP Buzz Holdings L.P. sold 2,509,316 shares, netting a total of over 27,845,378 in proceeds. Following the sale of shares at $11.10 each, the insider now holds 12,802 shares.

Before that, BX Buzz ML-1 GP LLC had sold 2,509,316 shares from its account. In a trade valued at $27,845,378, the 10% Owner traded Bumble Inc shares for $11.10 each. Upon closing the transaction, the insider’s holdings decreased to 2,509,316 shares, worth approximately $0.13 million.

Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early April. As of February 28, 2024, BTIG Research has reiterated its “Buy” rating for BMBL. Earlier on December 07, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for BMBL stock.

Analyzing BMBL Stock Performance

During the last five days, there has been a drop of approximately -3.07%. Over the course of the year, Bumble Inc shares have dropped approximately -31.34%. Shares of the company reached a 52-week high of $15.05 on 01/09/24 and a 52-week low of $9.93 on 04/30/24. A 50-day SMA is recorded $10.98, while a 200-day SMA reached $13.98. Nevertheless, trading volume fell to 1.97 million shares from 2.8 million shares the previous day.

Support And Resistance Levels for Bumble Inc (BMBL)

According to the 24-hour chart, there is a support level at 9.97, which, if violated, would cause prices to drop to 9.81. In the upper region, resistance lies at 10.32. The next price resistance is at 10.51. RSI (Relative Strength Index) is 38.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 81.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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