Should You Buy the Dip in Grindr Stock?

Grindr (GRND) stock closed roughly 12% down on Monday, Nov. 24 after the company’s board terminated takeover discussions with major shareholders Ray Zage and James Lu. The NYSE-listed firm best known for its LGBTQ dating app ended negotiations on the $3.46 billion take-private proposal, citing an inability to obtain satisfactory info about definitive funding commitments. More News from Barchart Following this week’s plunge, Grindr stock is down over 50% versus its year-to-date high set in early June ww ...