Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PLAYSTUDIOS Inc shares valued at $1,950,000 were sold by MICROSOFT CORP on Feb 22 ’24. At $1.95 per share, MICROSOFT CORP sold 1,000,000 shares. The insider’s holdings dropped to 11,677,398 shares worth approximately $24.29 million following the completion of this transaction.
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As published in their initiating research note from BTIG Research on August 14, 2023, PLAYSTUDIOS Inc [MYPS] has been a Neutral. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid May. As of April 19, 2023, Stifel has initiated its “Buy” rating for MYPS. Earlier on March 10, 2023, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for MYPS stock which previously was a “a Hold”.
Analyzing MYPS Stock Performance
During the last five days, there has been a surge of approximately 1.96%. Over the course of the year, PLAYSTUDIOS Inc shares have dropped approximately -23.25%. Shares of the company reached a 52-week high of $3.04 on 04/04/24 and a 52-week low of $1.90 on 03/14/24. A 50-day SMA is recorded $2.24, while a 200-day SMA reached $2.50. Nevertheless, trading volume fell to 75306.0 shares from 0.28 million shares the previous day.
Support And Resistance Levels for PLAYSTUDIOS Inc (MYPS)
According to the 24-hour chart, there is a support level at 2.06, which, if violated, would cause prices to drop to 2.05. In the upper region, resistance lies at 2.11. The next price resistance is at 2.14. RSI (Relative Strength Index) is 42.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 77.78%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
