Grindr Inc’s recently made public that its Chief Product Officer Balance Austin J unloaded Company’s shares for reported $5.56 million on Dec 17 ’24. In the deal valued at $16.75 per share,332,105 shares were sold. As a result of this transaction, Balance Austin J now holds 557,414 shares worth roughly $9.75 million.
Then, Richardson Nathan sold 1,000 shares, generating $16,000 in total proceeds. Upon selling the shares at $16.00, the Director now owns 20,642 shares.
Before that, Lu James Fu Bin sold 750,000 shares. Grindr Inc shares valued at $11,357,250 were divested by the Director at a price of $15.14 per share. As a result of the transaction, Lu James Fu Bin now holds 31,540,655 shares, worth roughly $551.96 million.
Goldman initiated its Grindr Inc [GRND] rating to a Buy in a research note published on December 16, 2024; the price target was $20. A number of analysts have revised their coverage, including Raymond James’s analysts, who remained covering the stock and in late June has reiterated a ‘”an Outperform”‘ rating for it. JMP Securities also remained covering GRND and reiterated its “Mkt outperform” recommendation on June 27, 2024. Raymond James started covering the stock on April 04, 2024. It rated GRND as “an Outperform”.
Price Performance Review of GRND
On Monday, Grindr Inc [NYSE:GRND] saw its stock fall -2.56% to $17.50. Over the last five days, the stock has lost -2.34%. Grindr Inc shares have fallen nearly -1.91% since the year began. Nevertheless, the stocks have risen 110.08% over the past one year. While a 52-week high of $18.42 was reached on 01/02/25, a 52-week low of $7.93 was recorded on 01/06/25. SMA at 50 days reached $15.46, while 200 days put it at $12.17.
Levels Of Support And Resistance For GRND Stock
The 24-hour chart illustrates a support level at 17.24, which if violated will result in even more drops to 16.97. On the upside, there is a resistance level at 17.97. A further resistance level may holdings at 18.43. The Relative Strength Index (RSI) on the 14-day chart is 61.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.78%. Stochastics %K at 77.68% indicates the stock is a holding.
How much short interest is there in Grindr Inc?
A steep rise in short interest was recorded in Grindr Inc stocks on 2024-12-13, dropping by 21485.0 shares to a total of 5.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.13 million shares. There was a decline of -0.42%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 02, 2024 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $14 price target.
