Add as a preferred source on GoogleBumble Shares Jump 49.6% to $3.80
The stock closed at $3.80 after trading as high as $3.97; the potential transaction would value the dating-app company at about $1 billion.
Bumble shares jumped 49.61% Monday to close at $3.80, up from $2.54 on Friday.
The stock closed at $3.80 at about 4 p.m. ET (20:00 UTC), up from $2.54 at Friday’s close. It traded between $2.50 and $3.97 during the session.
Bumble’s daily 14-period relative strength index, a measure of recent price momentum, rose to 79.46 from 38.63 in the prior session. Readings above 70 are commonly viewed as indicating overbought conditions.
Bumble listed on Nasdaq in 2021. The company’s latest listed filing was dated Oct. 6, and no Oct. 12 filing announcing a transaction was listed.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.