Match Group Stock has Volume Spike

MTCH traded in unusually high amounts on the 4th of December 2017. 3 million shares were bought and sold in over 18,000 separate trades.

The volume was notably higher than the stocks daily average of 1.91 million shares (calculated over the past month).

The bump will increase market awareness of the company, and may preempt a large move in price over the coming weeks.

The stock closed at $28.22. Since December last year, it has traded between $32.87 and $15.42, with a 200-day SMA of $20.50 (50-day SMA $26.60).

Match Group Inc. has over 5,000 employees at present, and is led by CEO Gregory Blatt.

The company’s Q3 results showed good growth, much of which was attributed to the addition of Tinder Gold.

The premium subscription band enables users to see who has ‘swiped right’ on their profile, allowing them to save time by only browsing people ready to match.

Tinder has continued to innovate since the report came out, with the ‘Super Likeable’ feature recently being announced on their blog.

This new feature will further integrate Artificial Intelligence onto the platform by suggesting four algorithm-selected profiles to users,  one of which they will be encouraged to ‘Super Like’.

Read more about Match Group Inc. stock prices here.