Bumble Inc’s recently made public 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 $0.18 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, 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 $80780.62.
KeyBanc Capital Markets downgraded its Bumble Inc [BMBL] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Hold”. Susquehanna also remained covering BMBL and has decreased its forecast on August 09, 2024 with a “Neutral” recommendation from previously “Positive” rating. HSBC Securities revised its rating on August 09, 2024. It rated BMBL as “a Hold” which previously was an “a Buy”.
Price Performance Review of BMBL
On Tuesday, Bumble Inc [NASDAQ:BMBL] saw its stock fall -1.10% to $6.31. Over the last five days, the stock has gained 1.12%. Bumble Inc shares have fallen nearly -57.19% since the year began. Nevertheless, the stocks have fallen -57.71% over the past one year. While a 52-week high of $15.90 was reached on 01/09/24, a 52-week low of $4.80 was recorded on 08/08/24. SMA at 50 days reached $6.93, while 200 days put it at $10.59.
Levels Of Support And Resistance For BMBL Stock
The 24-hour chart illustrates a support level at 6.20, which if violated will result in even more drops to 6.10. On the upside, there is a resistance level at 6.49. A further resistance level may holdings at 6.67. The Relative Strength Index (RSI) on the 14-day chart is 44.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.31%. Stochastics %K at 62.29% 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 2024-09-13, dropping by -0.21 million shares to a total of 17.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 17.5 million shares. There was a decline of -1.21%, which implies that there is a negative sentiment for the stock.
