Starboard Value Takes a 6.6% Stake in MTCH

The most significant insider buy on today's list comes via a 13D filing by Starboard Value LP.

Earlier in the week, the hedge fund revealed an original stake of 6.60% in Match Group Inc $MTCH.

Starboard has already sent a letter to executives and the board, which you can access here.

Here’s The Hot Corner, with data from July 16, 2024:

Two directors of Zevra Therapeutics Inc $ZVRA, John B. Bode and Thomas Anderson, filed Form 4s revealing purchases of a combined amount of $146,629.

After a prolonged decline since October 2021, MTCH stopped going down late last year.

As you can see, price is building a short-term bottom as it threatens to break higher from a falling wedge.

If there's a place and a moment for bulls to take control, we think this is it.

MTCH also experienced a whipsaw earlier this year, briefly violating a critical support level. For now, buyers have reclaimed this former low.

If we're above 33, the risk is to the upside, especially in the current market environment…

Stay tuned. We'll be back on Thursday with more insider activity.

And please reach out with any questions. We love hearing from you!