Closing Bell: Bumble Soars on Takeover, Microsoft Hits Yearly High, Six Flags Plunges

Bullish Gator

Markets close: Ithaca to take Bumble private for $1.3B; Microsoft posts first record close in nearly a year; Six Flags bonds tumble amid safety incidents and ride closures.

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What stands out

Bloomberg’s market-close rundown highlighted three clear movers: Bumble jumped after news Ithaca will take it private for $1.3B, Microsoft closed at its first record in nearly a year as optimism around artificial intelligence helped push the stock up more than 50% from a June low, and Six Flags’ bonds plunged amid ride closures and safety headlines. The most striking moment is Microsoft’s market-cap surge, Bloomberg noted the rally has added roughly $1.5T in value and that 68 of 72 analysts tracked by Bloomberg now have buy ratings.