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Bumble stock bounces off record low after Raymond James says selloff is ‘overdone’

Bumble stock bounces off record low after Raymond James says selloff is 'overdone'

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Shares of Bumble Inc. BMBL, -1.60% bounced 4.0% in premarket trading Monday, after the dating-app operator was upgraded at Raymond James, which cited an “attractive entry point” following the post-earnings plunge. The stock had suffered a record 19.3% drop on Nov. 11, after the company reported a wider-than-expected third-quarter loss, and has plummeted 29.2% since then through Friday’s record low close.

...read full article on Market Watch

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