Stocks to Watch Tuesday: Match Group, Bank of America, Morgan Stanley

A hedge fund has acquired a significant stake in Match Group (MTCH), the online-dating company, and is reportedly pushing for a potential sale if the company fails to make a successful turnaround. Match Group’s shares experienced an 8% surge ahead of the opening bell, likely in response to this development.

Match Group (MTCH): Hedge Fund Pushes for Possible Sale

Hedge fund Starboard Value has recently built a substantial stake in Match Group (MTCH), the online-dating company. If Match Group fails to achieve a successful turnaround, Starboard Value is advocating for a potential sale of the company. Consequently, shares of Match Group, the parent company of Tinder, saw an 8% increase before the opening bell.