Dave & Buster’s Entertainment Inc’s recent filing unveils that its Director SHEEHAN KEVIN M unloaded Company’s shares for reported $3.29 million on Apr 04 ’24. In the deal valued at $65.72 per share,50,000 shares were sold. As a result of this transaction, SHEEHAN KEVIN M now holds 50,000 shares worth roughly $2.73 million.
Then, Mulleady John sold 42,824 shares, generating $2,851,320 in total proceeds. Upon selling the shares at $66.58, the SVP, RE & Dev now owns 57,132 shares.
Before that, SHEEHAN KEVIN M sold 25,000 shares. Dave & Buster’s Entertainment Inc shares valued at $1,642,880 were divested by the Director at a price of $65.72 per share. As a result of the transaction, SHEEHAN KEVIN M now holds 102,277 shares, worth roughly $5.58 million.
Piper Sandler downgraded its Dave & Buster’s Entertainment Inc [PLAY] rating to a Neutral from a an Overweight in a research note published on April 04, 2024; the price target was increased to $71 from $50. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late March from “an Outperform” to “a Mkt perform”. Raymond James also remained covering PLAY and has decreased its forecast on September 07, 2023 with a “an Outperform” recommendation from previously “Strong buy” rating. Piper Sandler started covering the stock on July 18, 2023. It rated PLAY as “an Overweight”.
Price Performance Review of PLAY
On Monday, Dave & Buster’s Entertainment Inc [NASDAQ:PLAY] saw its stock jump 1.64% to $54.58. Over the last five days, the stock has gained 0.28%. Dave & Buster’s Entertainment Inc shares have risen nearly 1.36% since the year began. Nevertheless, the stocks have risen 60.58% over the past one year. While a 52-week high of $69.82 was reached on 04/03/24, a 52-week low of $31.65 was recorded on 01/18/24. SMA at 50 days reached $61.02, while 200 days put it at $47.20. A total of 1.02 million shares were traded, compared to the trading of 1.18 million shares in the previous session.
Levels Of Support And Resistance For PLAY Stock
The 24-hour chart illustrates a support level at 53.71, which if violated will result in even more drops to 52.84. On the upside, there is a resistance level at 55.34. A further resistance level may holdings at 56.10. The Relative Strength Index (RSI) on the 14-day chart is 36.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.71%. Stochastics %K at 7.74% indicates the stock is a buying.
The most recent change occurred on May 08, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $38 price target.
