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Director SHEEHAN KEVIN M sale 50,000 shares of Dave & Buster’s Entertainment Inc [PLAY]

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 $1.9 million following the completion of this transaction.

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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 $3.89 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 surge of approximately 0.69%. Over the course of the year, Dave & Buster’s Entertainment Inc shares have dropped approximately -29.40%. Shares of the company reached a 52-week high of $69.82 on 04/03/24 and a 52-week low of $37.66 on 06/26/24. A 50-day SMA is recorded $48.67, while a 200-day SMA reached $48.98. Nevertheless, trading volume fell to 0.74 million shares from 0.94 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 37.62, which, if violated, would cause prices to drop to 37.27. In the upper region, resistance lies at 38.56. The next price resistance is at 39.15. RSI (Relative Strength Index) is 29.65 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.39, which suggests the price will decrease in the coming days. Percent R is at 96.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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