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"We would need a better entry point than the current stock level to become more constructive against the secular themes evident in the long-term match narrative." Match shares have doubled so far this year, as the S&P 500 has climbed 16%. shot up 12% toward a record high in afternoon trading Wednesday, as a big rally in Match Group Inc.'s stock helped provide a boost.
IAC/Interactive Corp is Match's largest shareholder, with the latest Form 4 filing with the Securities and Exchange Commission showing IAC owning 16,187,302 Match shares, or about 23% of the common stock outstanding.
Despite doubling the number of active paying accounts since 2010, the stock has cratered in the past month.
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