Bumble (BMBL) shares rallied more than 35% on Thursday after the online dating apps company came in ahead of Q4 revenue estimates and issued slightly better-than-expected top-line guidance. The post-earnings surge helped BMBL break above its key moving averages (20-day, 50-day, 100-day) today, indicating bulls are now in control across multiple timeframes.
However, there’s reason to treat these gains as an opportunity to trim exposure to Bumble stock, which is now trading at a year-to-date high.
