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Analyzing PLAYSTUDIOS Inc (MYPS) After Recent Trading Activity


In a filing, PLAYSTUDIOS Inc revealed its 10% Owner MICROSOFT CORP unloaded Company’s shares for reported $1.95 million on Feb 22 ’24. In the deal valued at $1.95 per share,1,000,000 shares were sold. As a result of this transaction, MICROSOFT CORP now holds 11,677,398 shares worth roughly $22.77 million.

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BTIG Research initiated its PLAYSTUDIOS Inc [MYPS] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid May with a ‘”a Neutral”‘ rating. Stifel began covering MYPS with “Buy” recommendation on April 19, 2023. Craig Hallum revised its rating on March 10, 2023. It rated MYPS as “a Buy” which previously was an “a Hold”.

Price Performance Review of MYPS

On Tuesday, PLAYSTUDIOS Inc [NASDAQ:MYPS] saw its stock fall -9.30% to $1.95. Over the last five days, the stock has lost -4.88%. PLAYSTUDIOS Inc shares have fallen nearly -28.04% since the year began. Nevertheless, the stocks have fallen -57.24% over the past one year. While a 52-week high of $5.01 was reached on 04/04/24, a 52-week low of $1.90 was recorded on 03/14/24. SMA at 50 days reached $2.23, while 200 days put it at $2.48. A total of 0.28 million shares were traded, compared to the trading of 0.23 million shares in the previous session.

Levels Of Support And Resistance For MYPS Stock

The 24-hour chart illustrates a support level at 1.89, which if violated will result in even more drops to 1.83. On the upside, there is a resistance level at 2.07. A further resistance level may holdings at 2.19. The Relative Strength Index (RSI) on the 14-day chart is 36.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics%K at 43.29% indicates the stock is a holding.

The most recent change occurred on February 22, 2023 when Macquarie began covering the stock and recommended ‘”an Outperform”‘ rating along with a $6 price target.

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