Why Meet Group Stock Jumped 18% Today, Then Collapsed

Chat and dating app-maker Meet Group (NASDAQ: MEET) surged more than 18% in noonday trading Monday before retreating to close the day still up 5.3%.

Reuters reported late this morning that NuCom, a subsidiary of German broadcaster ProSiebenSat.1 Media SE, is looking into buying Meet Group. NuCom already owns eHarmony.  

Image source: Getty Images.

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Source Fool.com