Why Bumble Stock Fell 12% in July
Shares of Bumble (NASDAQ: BMBL) lost ground to a booming market last month, falling 12% compared to the 2.3% increase in the broader market, according to data provided by S&P Global Market Intelligence.
The decline added to short-term losses for the newly minted public company, which is down over 30% since its February IPO. July's slump can be tied to waning excitement about the dating app specialist's business, and concerns about bad news on the way in its mid-August earnings report.
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Source Fool.com