Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bumble Inc shares valued at $18,293 were sold by Hsiao Sissie L. on Oct 04 ’24. At $6.76 per share, Hsiao Sissie L. sold 2,707 shares. The insider’s holdings dropped to 40,571 shares worth approximately $0.33 million following the completion of this transaction.
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Also, Hsiao Sissie L. purchased 2,707 shares, netting a total of over 18,293 in proceeds.
Before that, MATHER ANN had sold 7,492 shares from its account. In a trade valued at $85,506, the Director traded Bumble Inc shares for $11.41 each. Upon closing the transaction, the insider’s holdings decreased to 7,492 shares, worth approximately $0.23 million.
As published in a research note from KeyBanc Capital Markets on September 27, 2024, Bumble Inc [BMBL] has been rated down from an Overweight to a Sector weight. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid August. As of August 09, 2024, Susquehanna has decreased its “Positive” rating to a “Neutral” for BMBL. Earlier on August 09, 2024, HSBC Securities downgraded its rating. Their new recommendation was “a Hold” for BMBL stock which previously was a “a Buy”.
Analyzing BMBL Stock Performance
During the last five days, there has been a surge of approximately 5.76%. Over the course of the year, Bumble Inc shares have dropped approximately -45.18%. 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 $7.94, while a 200-day SMA reached $8.84. Nevertheless, trading volume fell to 1.3 million shares from 1.41 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 7.83, which, if violated, would cause prices to drop to 7.59. In the upper region, resistance lies at 8.25. The next price resistance is at 8.43. RSI (Relative Strength Index) is 49.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 50.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
