Grindr Inc’s recently made public that its Director Lu James Fu Bin unloaded Company’s shares for reported $5.51 million on May 23 ’25. In the deal valued at $23.99 per share,229,627 shares were sold. As a result of this transaction, Lu James Fu Bin now holds 27,693,332 shares worth roughly $660.76 million.
Then, Lu James Fu Bin sold 168,009 shares, generating $4,028,856 in total proceeds. Upon selling the shares at $23.98, the Director now owns 27,922,959 shares.
Before that, GEARON J MICHAEL JR sold 133,346 shares. Grindr Inc shares valued at $3,204,304 were divested by the Director at a price of $24.03 per share. As a result of the transaction, GEARON J MICHAEL JR now holds 6,898,514 shares, worth roughly $164.6 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 Tuesday, Grindr Inc [NYSE:GRND] saw its stock fall -0.58% to $23.86. Over the last five days, the stock has gained 0.34%. Grindr Inc shares have risen nearly 33.74% since the year began. Nevertheless, the stocks have risen 156.01% over the past one year. While a 52-week high of $24.80 was reached on 05/08/25, a 52-week low of $8.95 was recorded on 03/07/25. SMA at 50 days reached $20.44, while 200 days put it at $16.29.
Levels Of Support And Resistance For GRND Stock
The 24-hour chart illustrates a support level at 23.64, which if violated will result in even more drops to 23.43. On the upside, there is a resistance level at 24.10. A further resistance level may holdings at 24.35. The Relative Strength Index (RSI) on the 14-day chart is 63.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.83%. Stochastics %K at 77.64% indicates the stock is a holding.
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.
