Insider Buying Update for Friday, August 29: MTCH, AROW
Insider Trading Activity
Match Group CEO Purchase: Spencer M. Rascoff, the CEO of Match Group, acquired 13,250 shares of MTCH at $37.57 each, totaling an investment of $497,861. This purchase comes after two previous acquisitions over the past year, amounting to $4.04 million at an average price of $30.96 per share. Following this activity, Match Group's stock saw a rise of approximately 1.4% on Friday.
Arrow Financial CFO Purchase: CFO Penko Krassimir Ivanov purchased 12,000 shares of Arrow Financial for $29.46 each, totaling $353,486. This is his second purchase in the last twelve months, with the first being 37,762 shares at $26.50 each. Arrow Financial's stock increased by about 0.4% on Friday, with Ivanov's investment showing a peak gain of 2.6% during the trading session, reaching a high of $30.22.
Market Reactions
- Stock Performance: Both Match Group and Arrow Financial experienced positive trading movements on the day of the insider purchases, indicating investor confidence or market optimism surrounding these companies.
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U.S. Stock Market Eyes Upcoming Earnings Reports
- Earnings Outlook: Next week, earnings reports from tech giants Alphabet and Amazon are highly anticipated, especially after Microsoft's report led to a 10% stock drop despite beating expectations, indicating a shift in investor scrutiny towards profitability and growth metrics.
- Job Cuts and Efficiency: Amazon announced a restructuring that will eliminate 16,000 jobs, adding to the 14,000 cuts made in October, resulting in a 10% reduction in its corporate and tech workforce, with CEO Andy Jassy emphasizing that AI-driven efficiency gains will significantly impact operational costs moving forward.
- Labor Market Insights: A crucial jobs report is set to be released next Friday, alongside the Job Openings and Labor Turnover Survey (JOLTS), providing investors with insights into the labor market, particularly after the Fed indicated an improving economic outlook, which may alter interest rate expectations.
- Government Shutdown Risks: The market is also wary of a potential partial government shutdown, as a planned Senate vote on funding has stalled, despite a strong January performance; this uncertainty could lead to increased volatility, prompting investors to remain cautious in their strategies.

Cyberattacks Target Bumble and Match Group Amid Rising Threats
- Cybersecurity Incident: Bumble (BMBL) contacted law enforcement after a contractor's account was compromised in a phishing attack, although no user database or personal information was leaked, raising concerns about the company's security.
- User Data Impact: Match Group (MTCH) confirmed that its user data was affected but stated that there was no indication of user login credentials, financial information, or private communications being accessed, reflecting the company's relative robustness in data protection.
- Industry Warning: Cybersecurity experts warn that social engineering attacks targeting U.S. companies are on the rise, a trend that could negatively impact trust and user engagement across the industry, prompting companies to bolster security measures.
- Market Reaction: The cyberattack incidents may lead to decreased investor confidence in Bumble and Match Group, potentially affecting their stock performance, especially against the backdrop of increasing focus on cybersecurity.






