Why Match Group Stock Surged Today

Shares of Match Group (NASDAQ: MTCH) popped on Wednesday, following the release of the online dating leader's second-quarter results. As of 3:35 p.m. EDT, Match's stock was up more than 11%.

After a brief downturn during the early stages of the COVID-19 crisis, Match Group's subscriber growth figures rebounded. "As the pandemic took hold, we saw an increase in product usage, particularly among younger users and females," CEO Shar Dubey said in a letter to shareholders. 

People are turning to Match Group to find love during the coronavirus crisis. Image source: Getty Images.

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Source Fool.com