Shares of Bumble Inc. (NASDAQ:BMBL) traded today at $84.80, eclipsing its 12-month high. This new high was reached on above average trading volume as 52.5 million shares traded hands, while the average 30-day volume is approximately 4.8 million shares.
Bumble Inc. is engaged in offering online dating services. The company operates two apps, Bumble and Badoo, where users come on a monthly basis to discover new people and connect with each other.
Over the past year, Bumble Inc. has traded in a range of $15.40 to $64.71 and is now at $26.60.
Potential upside of 1.9% exists for Bumble Inc., based on a current level of $26.60 and analysts’ average consensus price target of $27.12.
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