Bumble shares are trading higher after Loop Capital upgraded the stock from Hold to Buy.
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has upgraded Bumble's stock from Hold to Buy, leading to a rise in Bumble's share prices.
September 29, 2023 | 2:32 pm
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POSITIVE IMPACT
Bumble's stock has been upgraded by Loop Capital from Hold to Buy, which has resulted in an increase in the company's share prices.
The upgrade from Loop Capital is a positive signal for investors, indicating increased confidence in Bumble's performance. This has led to increased buying pressure, driving up the share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100