Shares of Bumble Inc. (BMBL) are trading -7% lower at a price of $29.08 at the time of this writing. While it's generally been a mildly depressing day for this part of the market, the company is lagging behind it's peers in the Communication Services sector.

One likely catalyst for the move is the recent earnings call, just 9 days ago. Bumble has been trending down since management cut 2022 sales guidance  to $920M-$930M from previous guidance of $934M- $944M. 

Bumble Inc. has been trading between a 52-week high of $61.05 and a 52-week low of $15.41. The stock has a market cap of $3.77 Billion.

Bumble Inc. is the parent company of Badoo and Bumble, two of the world’s highest-grossing dating apps with millions of users worldwide. The Bumble platform enables people to connect and build equitable and healthy relationships.

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