Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Take-Two Interactive Software, Inc. shares valued at $13,494,773 were sold by Slatoff Karl on Apr 12 ’24. At $148.54 per share, Slatoff Karl sold 90,851 shares. The insider’s holdings dropped to 87,286 shares worth approximately $12.47 million following the completion of this transaction.
Also, ZELNICK STRAUSS sold 90,851 shares, netting a total of over 13,494,773 in proceeds. Following the sale of shares at $148.54 each, the insider now holds 87,286 shares.
Before that, Sheresky Michael had sold 260 shares from its account. In a trade valued at $40,487, the Director traded Take-Two Interactive Software, Inc. shares for $155.72 each. Upon closing the transaction, the insider’s holdings decreased to 260 shares, worth approximately $9.09 million.
As published in a research note from Citigroup on April 08, 2024, Take-Two Interactive Software, Inc. [TTWO] has been rated up from a Neutral to a Buy and the price target has been revised to $200 from $170. As of February 05, 2024, MoffettNathanson has decreased its “Buy” rating to a “Neutral” for TTWO. Earlier on January 09, 2024, BMO Capital Markets initiated its rating. Their recommendation was “an Outperform” for TTWO stock.
Analyzing TTWO Stock Performance
During the last five days, there has been a drop of approximately -0.23%. Over the course of the year, Take-Two Interactive Software, Inc. shares have dropped approximately -11.26%. Shares of the company reached a 52-week high of $171.59 on 02/08/24 and a 52-week low of $138.93 on 04/22/24. A 50-day SMA is recorded $147.92, while a 200-day SMA reached $149.33. Nevertheless, trading volume fell to 1.02 million shares from 1.26 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 141.46, which, if violated, would cause prices to drop to 140.08. In the upper region, resistance lies at 143.57. The next price resistance is at 144.30. RSI (Relative Strength Index) is 41.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.91, which suggests the price will decrease in the coming days. Percent R is at 77.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
