A company insider recently sold 167 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 $20,915 were sold by Sheresky Michael on Aug 11. At $125.24 per share, Sheresky Michael sold 167 shares. The insider’s holdings dropped to 62,042 shares worth approximately $7.32 million following the completion of this transaction.

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Also, Emerson Daniel P sold 3,381 shares, netting a total of over 420,028 in proceeds. Following the sale of shares at $124.23 each, the insider now holds 92,191 shares.

Before that, Emerson Daniel P had sold 3,125 shares from its account. In a trade valued at $399,298, the Chief Legal Officer traded Take-Two Interactive Software Inc. shares for $127.78 each. Upon closing the transaction, the insider’s holdings decreased to 3,125 shares, worth approximately $11.27 million.

As published in a research note from Deutsche Bank on August 17, 2022, Take-Two Interactive Software Inc. [TTWO] has been rated down from a Buy to a Hold and the price target has been revised to $160. This represents a 26.3% premium over Wednesday’s closing price. Analysts at DZ Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of August 09, 2022, BofA Securities has decreased its “Buy” rating to a “Neutral” for TTWO.

Analyzing TTWO’s Price Performance

On Wednesday, Take-Two Interactive Software Inc. [NASDAQ: TTWO] plunged -3.10% to $117.92. The stock’s lowest price that day was $117.92, but it reached a high of $122.47 in the same session. During the last five days, there has been a drop of approximately -7.99%. Over the course of the year, Take-Two Interactive Software Inc. shares have dropped approximately -33.65%. 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 $125.97, while a 200-day SMA reached $141.41. Nevertheless, trading volume fell to 1.44 million shares from 2.18 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 116.40, which, if violated, would cause prices to drop to 114.89. In the upper region, resistance lies at 120.95. The next price resistance is at 123.99. RSI (Relative Strength Index) is 39.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.00, which suggests the price will decrease in the coming days. Percent R is at 94.73%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Take-Two Interactive Software Inc. subject to short interest?

Stocks of Take-Two Interactive Software Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.23 million shares to 5.0 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.23 million shares. A decline of -44.6% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.58 of the overall float, the days-to-cover ratio (short ratio) decline to 2.58.

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

According to The Vanguard Group, Inc. filings, the company currently owns 16,923,833 shares, which is about 10.15% of the total TTWO shares outstanding. The investor’s shares have appreciated by 1,079,576 from its previous 13-F filing of 15844257.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,133,549,596. SSgA Funds Management, Inc. acquire a 9.69% interest valued at $827.7 million while Capital Research & Management Co purchased a 413,898 stake. A total of 238,292 shares of Take-Two Interactive Software Inc. were bought by Columbia Management Investment Ad during the quarter, and 565,244 were bought by JPMorgan Investment Management, I. In its current portfolio, Geode Capital Management LLC holds 3,154,703 shares valued at $386.64 million.

In terms of Take-Two Interactive Software Inc. share price expectations, FactSet research, analysts set an average price target of $163.33 in the next 12 months, up nearly 32.3% from the previous closing price of $121.69. Analysts anticipate Take-Two Interactive Software Inc. stock to reach $200.00 by 2022, with the lowest price target being $126.00. In spite of this, 27 analysts ranked Take-Two Interactive Software Inc. stock as an Overweight at the end of 2022. On June 09, 2022, JP Morgan assigned a price target of “an Overweight” to the stock and resumed coverage with a $175.


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