Blue Owl Capital Drops, Bumble Soars, Dollar General Falls as Outlook Disappoints
On this episode of Stock Movers: - Blue Owl Capital (OWL) falls after the asset manager defended its recent sale of $1.4 billion of loans from three of its funds, arguing the transaction contained no backstops or hidden incentives. Blue Owl Co-President Craig Packer said the four institutions that bought the debt did so on an arm’s length basis, conducted their own due diligence, and received no special guarantees. - Bumble (BMBL) soars after the online dating company forecast Ebitda for the first quarter that beat expectations. JPMorgan upgraded the stock to neutral, while analysts…
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