Mandy Ginsberg Sells 63% of her MTCH Stock

Dominic Whitlock 20th August 201820th August 2018 0 Comments

Match Group CEO, Mandy Ginsberg, sold 106,850 shares of MTCH stock last week.

The deal, which took place on Tuesday (August 14th), was completed for a total of $5,275,184.50. The average price of the shares sold was $49.37.

Since then, the stock price for NASDAQ:MTCH has fallen and finished trading on Friday (August 17th) at $46.49.

Ginsberg is now left with 62,682 shares in the company, believed to be worth just over $5.25 million.

At the time of writing, the Match Group market cap approximately $14 billion.

The filing for the sales was submitted to the SEC, which is available to be viewed here.

The price of Match Group has fluctuated over the past few months. It initially dropped rapidly after Facebook announced plans for a new dating feature, but slowly recovered most of its value.

It went on to trade at an all-time high and hit $50 for the first time ever after a better than expected financial report in this year’s Q2.

However, the most recent dip in price could be attributed to news that 10 early Tinder employees are suing Match Group and IAC. News of the lawsuit broke the same evening that Ginsberg completed the sale of her stocks.