Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bumble Inc shares valued at $85,506 were sold by MATHER ANN on Jun 07 ’24. At $11.41 per share, MATHER ANN sold 7,492 shares. The insider’s holdings dropped to 29,030 shares worth approximately $0.17 million following the completion of this transaction.
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Also, Hsiao Sissie L. sold 5,496 shares, netting a total of over 62,717 in proceeds. Following the sale of shares at $11.41 each, the insider now holds 43,278 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 $75531.8.
As published in a research note from Susquehanna on August 09, 2024, Bumble Inc [BMBL] has been rated down from a Positive to a Neutral and the price target has been revised to $6 from $14. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of August 08, 2024, Stifel has decreased its “Buy” rating to a “Hold” for BMBL. Earlier on August 08, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for BMBL stock which previously was a “an Overweight”.
Analyzing BMBL Stock Performance
During the last five days, there has been a surge of approximately 3.33%. Over the course of the year, Bumble Inc shares have dropped approximately -59.97%. Shares of the company reached a 52-week high of $15.05 on 01/09/24 and a 52-week low of $4.80 on 08/08/24. A 50-day SMA is recorded $9.25, while a 200-day SMA reached $11.80. Nevertheless, trading volume fell to 4.8 million shares from 5.1 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 5.80, which, if violated, would cause prices to drop to 5.69. In the upper region, resistance lies at 6.01. The next price resistance is at 6.12. RSI (Relative Strength Index) is 27.12 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.58, which suggests the price will decrease in the coming days. Percent R is at 77.64%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
