The Traderszone Network

Published in TZ Latest News 14 June, 2016 by The TZ Newswire Staff

Why Match Group Inc. Stock Jumped 11.5% Today

Image source: IAC.

What: Shares of online-dating service extraordinaire Match Group (NASDAQ: MTCH) were a popular match for investor today, climbing 11.5% on little news.

So what: Shares of the parent of popular dating sites such as Tinder, Match.com, and OkCupid started breaking out around 2:30 p.m. ET this afternoon. Volume began spiking as well as the session finished, with 2.55 million shares traded, more than double the daily average as the recent IPO approached an all-time high.

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