Plenty of Reasons to Like Match Group Stock - News Summed Up

Plenty of Reasons to Like Match Group Stock


Match Group (MTCH) has enjoyed a torrid first half of 2019, adding almost 60% in the last six months. The dating services stock is less than two months removed from a record high, but data suggests there's plenty more where that came from, if this bullish signal is to be trusted. Looking one month out following these previous seven signals, the stock was fives time, boasted an average gain of 5.2% one month later. Based on the equity's current perch at $72.73, another move of this magnitude would put Match near $76.50-- a new all-time high. First, among analysts, the majority still rate MTCH a tepid "hold", despite the stock nearly doubling year-over-year.


Source: Forbes July 16, 2019 18:33 UTC



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