Match Group Inc (MTCH) stock is up 8.26% over the past week and gets a Bullish rating from InvestorsObserver’s Sentiment Indicator.
Match Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MTCH!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver‘s Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What’s Happening With MTCH Stock Today?
Match Group Inc (MTCH) stock is trading at $155.74 as of 11:12 AM on Monday, Jun 21, a gain of $1.82, or 1.18% from the previous closing price of $153.92. The stock has traded between $151.30 and $157.14 so far today. Volume today is less active than usual. So far 500,840 shares have traded compared to average volume of 1,944,979 shares.
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More About Match Group Inc
Match Group is a provider of online dating products. The firm became public in 2015 and was more than 80% owned by IAC/InterActiveCorp until IAC spun it off in second-quarter 2020. The company has a vast portfolio of different online dating service providers, including Tinder, Match.com, OkCupid, PlentyOfFish, and Meetic. Match Group has more than 45 brands of online dating sites and/or apps, from which it generates user fee revenue (95%) and advertising revenue (5%).
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