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2 Tech Stocks to Watch Under $20
GoodRxGoodRx(US:GDRX) schaeffersresearch.comยท2024-05-16 18:54

Group 1: GoodRx Holdings Inc (GDRX) - GoodRx stock is experiencing a significant increase, up 8.8% to $7.91, following an upgrade from Raymond James to "outperform" and a price target increase from $14 to $16 [1] - The stock has risen 18.2% since the beginning of the year, indicating positive momentum [1] - The recent surge is attributed to the company's inaugural investor day and a prescription contracting agreement with Kroger [1] Group 2: Bumble Inc (BMBL) - Bumble stock is up 0.2% to $11.99, showing a notable uptrend since its record low of $9.83 on May 8 [2] - The stock has broken above several short-term moving averages, including the 60-day trendline, indicating a potential recovery [2] - Short interest represents 9.3% of BMBL's available float, suggesting some potential for a short squeeze [2] Group 3: Market Context - Both GoodRx and Bumble stocks exhibit short squeeze potential, with short interest at 10.8% for GDRX and 9.3% for BMBL [2]