Saturday, June 25, 2022

A company insider recently sold 3,381 shares of Take-Two Interactive Software Inc. [TTWO]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Take-Two Interactive Software Inc. shares valued at $420,028 were sold by Emerson Daniel P on Jun 15. At $124.23 per share, Emerson Daniel P sold 3,381 shares. The insider’s holdings dropped to 92,191 shares worth approximately $11.86 million following the completion of this transaction.

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Also, Emerson Daniel P sold 3,125 shares, netting a total of over 399,298 in proceeds. Following the sale of shares at $127.78 each, the insider now holds 95,572 shares.

Before that, Slatoff Karl had sold 152,373 shares from its account. In a trade valued at $21,125,390, the President traded Take-Two Interactive Software Inc. shares for $138.64 each. Upon closing the transaction, the insider’s holdings decreased to 152,373 shares, worth approximately $56.21 million.

As published in a research note from Wells Fargo on January 05, 2022, Magnolia Oil & Gas Corporation [MGY] has been rated down from an Overweight to an Equal weight and the price target has been revised to $23. This represents a -0.74% premium over Wednesday’s closing price. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early December. As of October 26, 2021, The Benchmark Company has initiated its “Hold” rating for MGY. Earlier on August 30, 2021, Truist upgraded its rating. Their new recommendation was “a Buy” for MGY stock which previously was a “a Hold”. This represents a 5.44% premium over Wednesday’s closing price. As of April 22, 2022, Bernstein has initiated its “an Outperform” rating for TTWO.

Analyzing TTWO’s Price Performance

On Wednesday, Take-Two Interactive Software Inc. [NASDAQ: TTWO] plunged -0.14% to $128.60. The stock’s lowest price that day was $127.59, but it reached a high of $130.445 in the same session. During the last five days, there has been a surge of approximately 5.92%. Over the course of the year, Take-Two Interactive Software Inc. shares have dropped approximately -27.64%. Shares of the company reached a 52-week high of $182.25 on 01/04/22 and a 52-week low of $101.85 on 05/10/22. A 50-day SMA is recorded $124.68, while a 200-day SMA reached $154.63. Nevertheless, trading volume fell to 1.52 million shares from 2.85 million shares the previous day.

Support And Resistance Levels for Take-Two Interactive Software Inc. (TTWO)

According to the 24-hour chart, there is a support level at 127.31, which, if violated, would cause prices to drop to 126.02. In the upper region, resistance lies at 130.17. The next price resistance is at 131.73. RSI (Relative Strength Index) is 54.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.44, which suggests the price will decrease in the coming days. Percent R is at 43.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of Take-Two Interactive Software Inc. (TTWO)?

According to The Vanguard Group, Inc. filings, the company currently owns 15,844,257 shares, which is about 9.78% of the total TTWO shares outstanding. The investor’s shares have appreciated by 72,412 from its previous 13-F filing of 15771845.0 shares. With the completion of the sale, BlackRock Fund Advisors’s stake is now worth $1,113,653,111. SSgA Funds Management, Inc. reduced a -0.96% interest valued at $766.71 million while Columbia Management Investment Ad purchased a 2,129,858 stake. A total of 3,337,866 shares of Take-Two Interactive Software Inc. were bought by Capital Research & Management Co during the quarter, and 64,106 were bought by Geode Capital Management LLC. In its current portfolio, JPMorgan Investment Management, I holds 2,642,516 shares valued at $329.07 million.

In terms of Take-Two Interactive Software Inc. share price expectations, FactSet research, analysts set an average price target of $176.54 in the next 12 months, up nearly 40.55% from the previous closing price of $128.78. Analysts anticipate Take-Two Interactive Software Inc. stock to reach $231.00 by 2022, with the lowest price target being $134.00. In spite of this, 27 analysts ranked Take-Two Interactive Software Inc. stock as an Overweight at the end of 2022. On March 04, 2022, MKM Partners assigned a price target of “a Buy” to the stock and upgraded coverage with a $200.

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