Match Group Inc. (MTCH) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of MTCH have risen 4.15% to $17.33 after closing the day prior at $16.64. In the first two and a half hours of trading, the stock has gone as high as $17.42 and as low as $16.7. Today’s rise has come with about 1.48 million shares changing hands, compared to an average 30-day volume of 1.05 million for Match Group Inc.. The price is currently below the 30-day volume weighted average price of $17.09 for MTCH.
The share appreciation gives the company a market capitalization of $4.19 billion based upon 251.73 million shares outstanding. It also means that Match Group has a price-to-book ratio of 11.64:1.
In the past 52 weeks, shares of MTCH have traded as low as $8.41 and as high as $17.0. Technical traders will take note that at $17.33, shares of MTCH are trading above their 200-day MA at $13.44 and above their 50-day MA at $15.87. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is Match Group?
Match Group Inc is engaged in providing dating products. It operates approximately over 45 brands, including Match, OkCupid, Tinder, Meetic, Twoo, OurTime, BlackPeopleMeet & FriendScout24 designed to increase likelihood of finding a romantic connection. The company’s 4800 employees are led by CEO Gregory R. Blatt from the corporate headquarters at 8300 Douglas Avenue in Dallas, TX.
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