Match Group shares are trading lower after Wolfe Research downgraded the stock from Outperform to Peer Perform.
Portfolio Pulse from Benzinga Newsdesk
Match Group's stock is trading lower following a downgrade by Wolfe Research from Outperform to Peer Perform.
June 21, 2023 | 2:23 pm
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NEGATIVE IMPACT
Match Group shares are trading lower due to Wolfe Research's downgrade from Outperform to Peer Perform.
The downgrade by Wolfe Research directly impacts Match Group's stock, as it changes the perception of the company's performance in the market. This can lead to a decrease in demand for the stock, causing the price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100