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Why Match Group Stock Popped Today
MTCHMatch Group(MTCH) The Motley Fool·2024-01-09 20:04

Shares of Match Group (MTCH 2.52%) climbed as much as 12% early Tuesday, then settled to trade up around 2% as of 2:45 p.m. ET after The Wall Street Journal reported activist investor Elliott Investment Management has amassed a roughly 1billionstakeinthecompany.That′samassivestakeconsideringMatchGroup′sentiremarketcapstandsaround1 billion stake in the company. That's a massive stake considering Match Group's entire market cap stands around 10.5 billion as of this writing.Do Elliott and Match make a perfect pair?The owner of Tinder, Hinge, and its namesake online dating website, Match has struggled ...