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. Take-Two Interactive Software, Inc. shares valued at $36,432 were sold by Sheresky Michael on Jun 06 ’24. At $167.12 per share, Sheresky Michael sold 218 shares. The insider’s holdings dropped to 64,173 shares worth approximately $10.07 million following the completion of this transaction.
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Also, Emerson Daniel P sold 4,260 shares, netting a total of over 694,636 in proceeds. Following the sale of shares at $163.06 each, the insider now holds 155,576 shares.
Before that, Goldstein Lainie had sold 14,321 shares from its account. In a trade valued at $2,320,747, the Chief Financial Officer traded Take-Two Interactive Software, Inc. shares for $162.05 each. Upon closing the transaction, the insider’s holdings decreased to 14,321 shares, worth approximately $57.04 million.
As published in a research note from BofA Securities on May 23, 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 $185 from $160. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid May. As of April 08, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for TTWO.
Analyzing TTWO Stock Performance
During the last five days, there has been a surge of approximately 1.29%. Over the course of the year, Take-Two Interactive Software, Inc. shares have dropped approximately -2.47%. 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 $151.99, while a 200-day SMA reached $151.20. Nevertheless, trading volume fell to 1.07 million shares from 1.3 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 156.11, which, if violated, would cause prices to drop to 155.24. In the upper region, resistance lies at 158.20. The next price resistance is at 159.42. RSI (Relative Strength Index) is 50.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.68, which suggests the price will decrease in the coming days. Percent R is at 75.96%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
