Why Bumble Stock Jumped 11% on Thursday
Bumble (NASDAQ: BMBL) shareholders trounced the S&P 500 on Thursday as the stock jumped 11% by 3:15 p.m. ET, compared to a 0.8% increase in the wider market. The rally put the online-dating platform's shares closer to positive territory, but they remain down about 15% so far in 2022.
Wednesday's spike came after the company revealed more details about its latest operating results.
In a Wednesday filing with the SEC, Bumble provided additional metrics that added context around the operating trends that investors applauded earlier in the month. Its 10-K annual report for the 2021 year broke down growth between its Bumble and Badoo apps, which are both attracting more users who are spending more on the platforms.
Source Fool.com
