Shares of Match Group (NASDAQ:MTCH) saw a more than 3% increase today. This rise in stock price occurred after a Wall Street Journal report revealed that Elliott Investment Management, an activist investor, acquired a stake worth about $1 billion in the dating app company.

The Wall Street Journal stated that Elliott intends to push for strategies to boost the stock price of Match Group. Despite a substantial rally in the S&P 500, Match’s shares have fallen by 15.7% over the past year.

At present, the specific demands of the activist investor and whether it aims to propose candidates for Match Group’s board of directors are not yet publicly known, as mentioned in the report.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

× ¿Cómo puedo ayudarte?