The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Dave & Buster’s Entertainment Inc shares valued at $3,285,755 were sold by SHEEHAN KEVIN M on Apr 04 ’24. At $65.72 per share, SHEEHAN KEVIN M sold 50,000 shares. The insider’s holdings dropped to 50,000 shares worth approximately $3.04 million following the completion of this transaction.
Also, Mulleady John sold 42,824 shares, netting a total of over 2,851,320 in proceeds. Following the sale of shares at $66.58 each, the insider now holds 57,132 shares.
Before that, SHEEHAN KEVIN M had sold 25,000 shares from its account. In a trade valued at $1,642,880, the Director traded Dave & Buster’s Entertainment Inc shares for $65.72 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $6.21 million.
As published in a research note from Piper Sandler on April 04, 2024, Dave & Buster’s Entertainment Inc [PLAY] has been rated down from an Overweight to a Neutral and the price target has been revised to $71 from $50. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late March. As of September 07, 2023, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for PLAY. Earlier on July 18, 2023, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for PLAY stock.
Analyzing PLAY Stock Performance
During the last five days, there has been a drop of approximately -6.71%. Over the course of the year, Dave & Buster’s Entertainment Inc shares have jumped approximately 12.78%. Shares of the company reached a 52-week high of $69.82 on 04/03/24 and a 52-week low of $47.90 on 01/18/24. A 50-day SMA is recorded $61.07, while a 200-day SMA reached $46.84. Nevertheless, trading volume fell to 1.11 million shares from 1.58 million shares the previous day.
Support And Resistance Levels for Dave & Buster’s Entertainment Inc (PLAY)
According to the 24-hour chart, there is a support level at 60.07, which, if violated, would cause prices to drop to 59.40. In the upper region, resistance lies at 61.48. The next price resistance is at 62.22. RSI (Relative Strength Index) is 46.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.01, which suggests the price will decrease in the coming days. Percent R is at 77.02%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Dave & Buster’s Entertainment Inc subject to short interest?
Stocks of Dave & Buster’s Entertainment Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.91 million shares to 4.57 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 5.48 million shares. A decline of -19.91% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.9 of the overall float, the days-to-cover ratio (short ratio) decline to 5.9.
