The online dating market is poised to double by 2025, leading an RBC Capital Markets analyst to turn bullish on Bumble Inc (NASDAQ: BMBL) and Match Group, Inc (NASDAQ: MTCH).
Bumble Inc (NASDAQ: BMBL) continues to deliver as the pandemic continues fading away. The very first women-making-the-first-move dating app will open its first café and wine bar on July 24th. Bumble Brew will be located in NYC and will welcome daters, networkers, and friends.
Insider buying can be an encouraging signal for potential investors, especially when markets are uncertain or near all-time highs.
Some return buyers were among the insiders acquiring shares this last week.
A beauty products company and an online dating outfit were among the firms that saw notable insider buying.
Gainers
AMC Entertainment Holdings, Inc. (NYSE: AMC) shares surged 23.7% to close at $12.77.
Moxian, Inc. (NASDAQ: MOXC) jumped 23.6% to close at $9.52.