Match Group Inc. Stock Slides 7.5%, Underperforms Market
Dow Jones08-06
This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Match Group Inc. shed 7.5% to $38.15 on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.5% to 54,349.12 and the S&P 500 Index falling 0.2% to 7,723.55.
The stock's fall snapped a three-day winning streak.
Match Group Inc. closed 7.9% below its 52-week high of $41.40, which the company achieved on August 4th.
The stock underperformed when compared to some of its peers, as Bumble Inc. Cl A fell 5.0% to $3.04.
Trading volume totaled 7.5 million, compared to the 50-day average of 3.2 million.
Data source: Dow Jones Market Data, FactSet
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