Why Meet Group Stock Jumped 18% Today, Then Collapsed
Chat and dating app-maker Meet Group (NASDAQ: MEET) surged more than 18% in noonday trading Monday before retreating to close the day still up 5.3%.
Reuters reported late this morning that NuCom, a subsidiary of German broadcaster ProSiebenSat.1 Media SE, is looking into buying Meet Group. NuCom already owns eHarmony.
Source Fool.com