Bumble Inc. shareholders have offered to sell shares in a block transaction at prices ranging from $6.33 to $6.54 each, representing an approximate 11.5% discount. This move comes despite Bumble's second-quarter financial results confirming the company's solid fundamentals. The offer to sell shares at a discount has occurred amid a high short interest in Bumble stock, with around 30% of the float currently shorted. Meanwhile, Hims & Hers Health Inc.'s CEO recently executed the largest insider stock sale in the company's history, offloading 660,000 shares valued at over $33 million following a substantial rally in the stock price.
Just when BMBL appeared to catch a small squeeze break, insiders dump a boatload of stock at a 11.5% discount https://t.co/qqSYICv2qO
“Smart money” dumping a large Bumble stake at 12% discount. Lmao With 30% of float shorted makes me wonder if anyone „saw that coming 🤔“ Anyways, Q2 numbers have confirmed Bumble is fundamentally very sound. $BMBL https://t.co/R7mBtZxHCX
📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $BMBL Bumble Holders Offer Shares At $6.33-$6.54 Each In Block: Terms - Bloomberg