|Bid||68.11 x 800|
|Ask||70.05 x 1300|
|Day's Range||69.11 - 70.70|
|52 Week Range||33.30 - 95.32|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||40.07|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of IAC/InterActiveCorp and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Match said it's working with third parties to add live video into its apps, and Meet said it plans to sell its video platform to other dating apps, but neither mentioned the other's name.
Match Group Inc (NASDAQ: MTCH ) reported its third-quarter earnings in-line with Street expectations and announced disappointing guidance for the next quarter. Following the stock’s recent sell-off, the ...
Shares of Match Group Inc. are up 0.4% in premarket trading Thursday after UBS analyst Eric Sheridan upgraded the stock to buy from neutral. The rating change comes a day after Match's stock dropped 2.5% in Wednesday trading on a disappointing financial outlook and as the shares have come under pressure over a longer stretch amid concerns about Facebook Inc. competition and a Federal Trade Commission suit. The shares have fallen about 30% since Match's June-quarter earnings report. "Overall, we think these concerns are somewhat overblown and at current valuation, we see an attractive entry point into a secular growth story," Sheridan wrote. "In addition, we expect the spin-off from IAC (while no official update on timing was provided, the event is likely to occur in 1H'20) to act as a catalyst for Match Group." Sheridan lowered his price target to $88 from $95 in conjunction with the upgrade. Shares have risen 57% so far this year, while the S&P 500 has gained 23%.
IAC CEO Joey Levin said a board committee continues to review a proposal to distribute the internet company’s 80.8% stock in Match to shareholders.
Wednesday marked another consolidation day for the stock market, as the S&P 500 continues to hover near all-time highs. Let's look at a few top stock trades showing a bit more volatility than the broader market is letting on. Top Stock Trades for Tomorrow No. 1: Uber (UBER)There's both good news and bad news when it comes to Uber (NYSE:UBER) stock. After hitting new 52-week lows on Tuesday after earnings, shares cratered lower by about 7% in early Wednesday trading, as the stock undergoes a lockup expiration.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAfter new lows two days in a row, what possibly could be the good news?Well, it's not great news. But one silver lining would be the intraday bounce we've seen off the lows. That's better than closing at or near the session lows, at least technically speaking. * 7 Under-the-Radar Retail Stocks to Buy Now What now? Bulls need to see Uber stock reclaim the prior lows near $28.50, and preferably, reclaim $29. Until it can do that, it's a tough one to own. Those that are trading it long, be mindful of the new low. Below it and shares can continue to flush. Top Stock Trades for Tomorrow No. 2: Match Group (MTCH)What a technical beauty this short was, even though many didn't play it that way because of earnings. Still, the breakdown in Match Group (NASDAQ:MTCH) was evident.Known as a descending triangle, downtrend resistance (blue line) was squeezing MTCH stock lower against a static level of support. Once support gave way, Match stock was hammered.MTCH's ability to hold the $62.50 to $65 area is impressive. Above it now, let's see if it can reclaim the 200-day moving average. Below Wednesday's low and the 38.2% retracement near $56 could be on the table. Top Stock Trades for Tomorrow No. 3: Kirkland Lake (KL)Kirkland Lake Gold (NYSE:KL) has put together an excellent wedge pattern (blue lines).Breaking over the upper wedge line now (resistance), and KL stock may be able to gain some serious upside traction. Particularly if gold begins to move higher as well.Over the past few months, KL has struggled with the $48 level. However, if shares can clear this mark, a move to $50-plus could be on deck. A close back below the upper wedge line would be discouraging, but not necessarily bearish. For the charts to shift in the shorts' favor, investors would need to see a close below $44. Top Stock Trades for Tomorrow No. 4: Humana (HUM)Humana (NYSE:HUM) delivered a beat-and-raise quarter, and its charts are starting to look more bullish. However, there is some overhead levels to consider.Shares are reclaiming the notable $300 level, as well as the 38.2% retracement near $304. With potential resistance near $310 and an elevated RSI reading (blue circle), it may be best for shares to consolidate between $300 and $310 over the next few days.That will allow investors to digest the recent gains, and work up the strength to push shares through $310. Below $300 and investors will need to see if short-term uptrend support (purple line) can buoy the stock price.Over $310 and the 23.2% retracement near $322 is possible, although it may take time to get there. Top Stock Trades for Tomorrow No. 5: GW Pharma (GWPH)GW Pharma (NASDAQ:GWPH) is hurting, down big on Wednesday. Downtrend resistance (blue line) held this one check, while shares gapped right below the 50-day moving average.The setup now is pretty simple. Either the October lows hold and GWPH can put together some form of a bounce, or they fail to hold and shares trade down to the December lows.Bulls may want to give this one a few days to shake out before dipping their toe in the water.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Under-the-Radar Retail Stocks to Buy Now * 7 Specialty Retail Stocks to Buy Now * 5 Cannabis Stocks With "Lit" Growth Prospects The post 5 Top Stock Trades for Thursday: UBER, MTCH, KL appeared first on InvestorPlace.
Match Group Inc (NASDAQ: MTCH ) reported its third-quarter results ahead of expectations, but seems to be headed toward a lighter end to the year, according to Nomura. The Analyst Nomura’s Mark Kelley ...
Do we have any totally free dating websites left in the US? Finding love is one of the most important things in our mortal human lives, but if you are like many, the dating scene has not really yielded much, and so you are thinking of trying your luck on dating websites. However, as you […]
(Bloomberg) -- Match Group Inc. shares plummeted after the online dating behemoth gave quarterly forecasts that missed Wall Street estimates, due to mounting legal costs and economic factors that are denting sales growth. The shares slumped the most in a year.The Dallas-based company said fourth-quarter revenue will be $545 million to $555 million. Wall Street was expecting $560 million. Adjusted earnings before interest, taxes, depreciation and amortization will be $205 million to $210 million in the period, also below analysts’ estimates, according to data compiled by Bloomberg.“Legal costs have jumped significantly this year from last,” Chief Financial Officer Gary Swidler said on a conference call with analysts Wednesday morning. In 2018, the company spent about $15 million on legal costs. This year, legal bills have climbed to around $40 million, Swidler said.Match is involved with three high-profile lawsuits. The company is suing rival dating app Bumble over allegedly stealing intellectual property from its star performer, Tinder. At the same time, Tinder’s founders are suing Match for allegedly misleading them about the app’s valuation. And last month, the Federal Trade Commission sued Match, accusing it of deceiving consumers by using messages from fraudulent accounts to encourage users to sign up for subscriptions.The FTC lawsuit, which now includes a Department of Justice investigation, is “meritless,” Swidler said on the call. “We are going to defend ourselves against that vigorously.” He added that the Tinder lawsuit is “purely a case of sour grapes” and said he expects Match will be compensated in the Bumble dispute. “A lot of these matters are going to resolve themselves in 2020,” Swidler said.On top of the legal costs, sales are also being crimped by macro economic issues, such as Brexit and currency movements, Swidler said.The shares fell as much as 11%, the most since November 2018. They were trading at $65.01 at 10:42 a.m. in New York Wednesday.Match is partly owned by billionaire Barry Diller’s IAC/InterActiveCorp. Match shares have gained more than sixfold since its initial public offering in 2015, largely driven by explosive growth in Tinder. Match’s third-quarter revenue grew 22% from a year earlier, while Tinder sales surged 49%.The company reported earnings per share of 51 cents for the third quarter, beating Wall Street estimates of 41 cents. Revenue was $541 million, matching analysts’ expectations, according to data compiled by Bloomberg.Match runs dozens of other dating sites like OkCupid and Plenty of Fish, which both reported strong growth in app downloads in the third quarter. Match is also expanding globally, acquiring dating apps in Japan and Egypt to cater to new audiences with different traditions and tastes.Last month, IAC announced it was moving forward with a spinoff of Match, recommending a move to formally separate the two companies to a special board committee. In a company statement on Tuesday, Match said the committee was still evaluating the proposal.(Updates with share move in the first paragraph.)To contact the reporter on this story: Olivia Carville in New York at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
U.S. stocks retreated from record highs on Wednesday, halting a rally that has been fuelled by signs of progress in trade talks between Washington and Beijing and a largely upbeat corporate earnings season. Losses in shares of Microsoft Corp and Facebook Inc weighed the most on the benchmark index and the Nasdaq. The S&P 500 energy sector fell 0.39% and was the biggest decliner as oil prices fell due to a build up in U.S. crude stocks and weak euro zone economic figures.
Groupo Financiero Galicia, Halliburton, Match.com and WW International highlighted as Zacks Bull and Bear of the Day
Stocks pared losses and ended mixed after a report from Reuters that a meeting between President Donald Trump and China’s Xi Jinping could be pushed back until December.
Match shares are sliding after the dating service company provided weak guidance. Yahoo Finance’s Akiko Fujita and Dan Howley break down the results on The Ticker.
Match shares continue to dip after the Internet dating company gave soft estimates of fourth-quarter revenue and adjusted earnings guidance. Yahoo Finance’s Dan Roberts, Kristin Myers and Heidi Chung discuss on YFi AM.