PLAYSTUDIOS Inc’s recent filing unveils that its 10% Owner MICROSOFT CORP unloaded Company’s shares for reported $1.95 million on Feb 22 ’24. In the deal valued at $1.95 per share,1,000,000 shares were sold. As a result of this transaction, MICROSOFT CORP now holds 11,677,398 shares worth roughly $32.7 million.
Then, Agena Joel sold 40,000 shares, generating $179,600 in total proceeds. Upon selling the shares at $4.49, the General Counsel now owns 117,179 shares.
Before that, Peterson Scott Edward sold 25,000 shares. PLAYSTUDIOS Inc shares valued at $113,125 were divested by the Chief Financial Officer at a price of $4.53 per share. As a result of the transaction, Peterson Scott Edward now holds 50,000 shares, worth roughly $0.14 million.
BTIG Research initiated its PLAYSTUDIOS Inc [MYPS] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid May with a ‘”a Neutral”‘ rating. Stifel began covering MYPS with “Buy” recommendation on April 19, 2023. Craig Hallum revised its rating on March 10, 2023. It rated MYPS as “a Buy” which previously was an “a Hold”.
Price Performance Review of MYPS
On Tuesday, PLAYSTUDIOS Inc [NASDAQ:MYPS] saw its stock fall -0.36% to $2.80. Over the last five days, the stock has gained 1.45%. PLAYSTUDIOS Inc shares have risen nearly 3.32% since the year began. Nevertheless, the stocks have fallen -25.13% over the past one year. While a 52-week high of $5.01 was reached on 04/04/24, a 52-week low of $1.90 was recorded on 03/14/24. SMA at 50 days reached $2.37, while 200 days put it at $3.06. A total of 0.23 million shares were traded, compared to the trading of 0.56 million shares in the previous session.
Levels Of Support And Resistance For MYPS Stock
The 24-hour chart illustrates a support level at 2.74, which if violated will result in even more drops to 2.68. On the upside, there is a resistance level at 2.87. A further resistance level may holdings at 2.93. The Relative Strength Index (RSI) on the 14-day chart is 63.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.88%. Stochastics %K at 71.50% 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 Mar 15, 2024, growing by 66740.0 shares to a total of 0.75 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.68 million shares. There was a rise of 8.93%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.90% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.6.
The most recent change occurred on February 22, 2023 when Macquarie began covering the stock and recommended ‘”an Outperform”‘ rating along with a $6 price target.
