Grindr (GRND) Stock Explodes on $18 Buyout Buzz – Is a $3.5B Takeover Coming?
Stock Reaction and Trading Activity On Friday Oct 24, GRND shot up from the low-$12 range into the mid-$15s. Finviz data show Friday’s prevailing price was $12.67 with the stock closing at $15.06 (a +18.86% jump)finviz.com. Investing.com and TechStock² report intraday spikes to ~$16 (after the $18 bid was revealed) before settling near $15ts2.techinvesting.com. Trading volume was ~11.4 M shares on Friday – roughly five times the 6-week average – reflecting the frenzied demandfinviz.com. In short, the buyout news sent GRND soaring. By contrast, peers like Bumble and Match saw only modest moves. (Note: U.S. markets were closed on Saturday 10/25, so
