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Bumble falls almost 10% pre-Market after discounted share offering report
- Bumble shares are down almost 10% pre-market following a report that shareholders are offering a block of shares at a significant discount.
- According to the report, shares are being sold at a price range of $6.33 to $6.54 each, a discount of between 8.5% to 11.5% from yesterday’s closing price.
- Block trade usually involves a significant amount of shares and is usually executed outside the regular trading hours to reduce market impact.