Match Group gains on speculation it could be potential target for Meta
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Match Group (NASDAQ:MTCH) rose 5% after traders circulated a report from last week that speculated that the Tinder owner could be a possible target for Meta Platforms (NASDAQ:FB).
Match could become a target for a potential activist, according to a report from Insightia's Vulnerability product from last Tuesday. The stock is in the 95th percentile of companies most likely to be targeted by an activist, according to Insightia's Vulnerability report, which was titled "The Tinder Swindler," like the recent Netflix documentary.

The report speculates that Meta (FB) or Twitter (TWTR) could be a potential acquirer of Match (MTCH). An activist could also potentially push Match to make some acquisitions. Match shares have dropped more than 40% this year.
Match (MTCH)short interest is 4.1%.

Match (MTCH) is set to report Q1 earnings next Tuesday.