Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Grindr Inc shares valued at $20,401,928 were sold by Lu James Fu Bin on May 28 ’25. At $23.93 per share, Lu James Fu Bin sold 852,567 shares. The insider’s holdings dropped to 26,588,867 shares worth approximately $652.22 million following the completion of this transaction.
Also, Lu James Fu Bin sold 251,898 shares, netting a total of over 6,010,286 in proceeds. Following the sale of shares at $23.86 each, the insider now holds 27,441,434 shares.
Before that, GEARON J MICHAEL JR had sold 174,858 shares from its account. In a trade valued at $4,165,118, the Director traded Grindr Inc shares for $23.82 each. Upon closing the transaction, the insider’s holdings decreased to 174,858 shares, worth approximately $161.68 million.
As published in their initiating research note from Goldman on December 16, 2024, Grindr Inc [GRND] has been a Buy and the price target has been revised to $20. Analysts at Raymond James resumed the stock at ‘”an Outperform”‘ outlook in a report released in late June. As of June 27, 2024, JMP Securities has reiterated its “Mkt outperform” rating for GRND. Earlier on April 04, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for GRND stock.
Analyzing GRND Stock Performance
During the last five days, there has been a surge of approximately 0.62%. Over the course of the year, Grindr Inc shares have jumped approximately 37.50%. Shares of the company reached a 52-week high of $25.08 on 05/29/25 and a 52-week low of $14.42 on 03/07/25.
Support And Resistance Levels for Grindr Inc (GRND)
According to the 24-hour chart, there is a support level at 23.79, which, if violated, would cause prices to drop to 23.04. In the upper region, resistance lies at 25.18. The next price resistance is at 25.83. RSI (Relative Strength Index) is 68.49 on the 14-day chart, showing neutral technical sentiment.
