Bumble Inc’s filing revealed that its Director MATHER ANN unloaded Company’s shares for reported $85506.0 on Jun 07 ’24. In the deal valued at $11.41 per share,7,492 shares were sold. As a result of this transaction, MATHER ANN now holds 29,030 shares worth roughly $0.31 million.
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Then, Hsiao Sissie L. sold 5,496 shares, generating $62,717 in total proceeds. Upon selling the shares at $11.41, the Director now owns 43,278 shares.
Before that, BTOA – NQ L.L.C. 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, BTOA – NQ L.L.C. now holds 12,802 shares, worth roughly $0.14 million.
A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Mkt perform”. BTIG Research also remained covering BMBL and reiterated its “Buy” recommendation on February 28, 2024. Wells Fargo started covering the stock on December 07, 2023. It rated BMBL as “an Overweight”.
Price Performance Review of BMBL
On Friday, Bumble Inc [NASDAQ:BMBL] saw its stock unchanged to $10.75. Over the last five days, the stock has lost -4.19%. Bumble Inc shares have fallen nearly -27.07% since the year began. Nevertheless, the stocks have fallen -39.02% over the past one year. While a 52-week high of $21.06 was reached on 01/09/24, a 52-week low of $9.83 was recorded on 05/08/24. SMA at 50 days reached $10.99, while 200 days put it at $13.03. A total of 1.92 million shares were traded, compared to the trading of 4.3 million shares in the previous session.
Levels Of Support And Resistance For BMBL Stock
The 24-hour chart illustrates a support level at 10.57, which if violated will result in even more drops to 10.40. On the upside, there is a resistance level at 10.86. A further resistance level may holdings at 10.98. The Relative Strength Index (RSI) on the 14-day chart is 37.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.27%. Stochastics %K at 13.83% indicates the stock is a buying.
