Bumble Inc’s recent filing unveils that its Director Hsiao Sissie L. unloaded Company’s shares for reported $18293.0 on Oct 04 ’24. In the deal valued at $6.76 per share,2,707 shares were sold. As a result of this transaction, Hsiao Sissie L. now holds 40,571 shares worth roughly $0.28 million.
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Then, Hsiao Sissie L. bought 2,707 shares, generating $18,293 in total proceeds.
Before that, MATHER ANN sold 7,492 shares. Bumble Inc shares valued at $85,506 were divested by the Director at a price of $11.41 per share. As a result of the transaction, MATHER ANN now holds 29,030 shares, worth roughly $0.2 million.
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 jump 2.07% to $6.90. Over the last five days, the stock has gained 8.15%. Bumble Inc shares have fallen nearly -53.19% since the year began. Nevertheless, the stocks have fallen -50.61% 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 $6.47, while 200 days put it at $10.16.
Levels Of Support And Resistance For BMBL Stock
The 24-hour chart illustrates a support level at 6.73, which if violated will result in even more drops to 6.57. On the upside, there is a resistance level at 7.04. A further resistance level may holdings at 7.19. The Relative Strength Index (RSI) on the 14-day chart is 58.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.81%. Stochastics %K at 83.52% indicates the stock is a selling.
How much short interest is there in Bumble Inc?
A steep rise in short interest was recorded in Bumble Inc stocks on 2024-09-30, dropping by -1.75 million shares to a total of 15.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 17.19 million shares. There was a decline of -11.33%, which implies that there is a negative sentiment for the stock.
