Sunday, June 26, 2022

Taking a Closer Look At PLAYSTUDIOS Inc. (MYPS) Following Its Recent Trade

PLAYSTUDIOS Inc.’s recent filing unveils that its Chairman and CEO PASCAL ANDREW S acquired Company’s shares for reported $61021.0 on Jun 14. In the deal valued at $5.45 per share,11,200 shares were bought. As a result of this transaction, PASCAL ANDREW S now holds 383,200 shares worth roughly $ 2.33 million.

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Then, PASCAL ANDREW S bought 10,500 shares, generating $60,354 in total proceeds. Upon buying the shares at $5.75, the Chairman and CEO now owns 372,000 shares.

Before that, PASCAL ANDREW S bought 9,400 shares. PLAYSTUDIOS Inc. shares valued at $60,257 were divested by the Chairman and CEO at a price of $6.41 per share. As a result of the transaction, PASCAL ANDREW S now holds 361,500 shares, worth roughly $2.2 million.

Meanwhile, Morgan Stanley initiated its PLAYSTUDIOS Inc. [MYPS] rating to an Equal-weight in a research note published on Tuesday, September 23, 2021; the price target was $5.25. PT values the company’s stock at a premium of -15.81 to its Tuesday closing price.

Price Performance Review of MYPS

On Tuesday, PLAYSTUDIOS Inc. [NASDAQ:MYPS] saw its stock jump 1.00% to $6.08. On the same session, the stock had its day’s lowest price of $5.98, but rose to a high of $6.42. Over the last five days, the stock has gained 16.25%. PLAYSTUDIOS Inc. shares have risen nearly 53.92% since the year began. Nevertheless, the stocks have fallen -27.53% over the past one year. While a 52-week high of $8.88 was reached on 06/01/22, a 52-week low of $3.60 was recorded on 01/24/22. SMA at 50 days reached $5.57, while 200 days put it at $4.73. A total of 0.63 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For MYPS Stock

The 24-hour chart illustrates a support level at 5.90, which if violated will result in even more drops to 5.72. On the upside, there is a resistance level at 6.34. A further resistance level may holdings at 6.60. The Relative Strength Index (RSI) on the 14-day chart is 55.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.62%. Stochastics %K at 60.56% indicates the stock is a holding.

How much short interest is there in PLAYSTUDIOS Inc.?

A steep rise in short interest was recorded in PLAYSTUDIOS Inc. stocks on Apr 28, 2022, dropping by -0.11 million shares to a total of 1.89 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 2.0 million shares. There was a decline of -5.82%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.68% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.

PLAYSTUDIOS Inc. [MYPS] – Who Are The Largest Shareholders?

In filings from Capital Research & Management Co, it is revealed that the company now owns 4,500,000 shares, or roughly 4.08% of the outstanding MYPS shares. In other words, the investor’s shares have fallen by 0 from its previous 13-F filing of 4500000.0. Additionally, The Vanguard Group, Inc. increased 235.63% of its stake after which the total value it holdings stand at $21,555,445, while Rubric Capital Management LP added 251.09% of its stake to hold $12.3 million in the firm. Over the last quarter, ClearBridge Investments LLC purchased 4,765 shares of PLAYSTUDIOS Inc., while Columbia Management Investment Ad bought 60,200 shares. At present, Greenlight Capital, Inc. is holding 963,018 shares valued at $6.04 million. Geode Capital Management LLC owned 724,244 shares of the company at the time of its most recent 13F filing, worth $4.54 million.

According to FactSet, PLAYSTUDIOS Inc.’s share price will average $7.24 in the next year, based on opinions of analysts polled by the firm. This is up nearly 32.89 percent from its previous closing price of $6.02. Analysts expect PLAYSTUDIOS Inc. stock to reach the higher price of $9.00, while the lowest price estimate is $5.20. However, 5 analysts have rated MYPS stock as a Buy in their predictions for 2022.

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