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BofA Securities Upgrades Take-Two Interactive Software, Inc. (TTWO) to a Buy from a Neutral

Take-Two Interactive Software, Inc.’s recently made public that its Director Sheresky Michael unloaded Company’s shares for reported $36432.0 on Jun 06 ’24. In the deal valued at $167.12 per share,218 shares were sold. As a result of this transaction, Sheresky Michael now holds 64,173 shares worth roughly $9.58 million.

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Then, Emerson Daniel P sold 4,260 shares, generating $694,636 in total proceeds. Upon selling the shares at $163.06, the Chief Legal Officer now owns 155,576 shares.

Before that, Goldstein Lainie sold 14,321 shares. Take-Two Interactive Software, Inc. shares valued at $2,320,747 were divested by the Chief Financial Officer at a price of $162.05 per share. As a result of the transaction, Goldstein Lainie now holds 363,346 shares, worth roughly $54.27 million.

BofA Securities upgraded its Take-Two Interactive Software, Inc. [TTWO] rating to a Buy from a a Neutral in a research note published on May 23, 2024; the price target was increased to $185 from $160. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Hold”. Citigroup also remained covering TTWO and has increased its forecast on April 08, 2024 with a “Buy” recommendation from previously “Neutral” rating.

Price Performance Review of TTWO

On Tuesday, Take-Two Interactive Software, Inc. [NASDAQ:TTWO] saw its stock fall -1.74% to $149.36. Over the last five days, the stock has lost -3.20%. Take-Two Interactive Software, Inc. shares have fallen nearly -7.20% since the year began. Nevertheless, the stocks have risen 4.31% over the past one year. While a 52-week high of $171.59 was reached on 02/08/24, a 52-week low of $130.34 was recorded on 04/22/24. SMA at 50 days reached $153.56, while 200 days put it at $151.55. A total of 1.32 million shares were traded, compared to the trading of 1.18 million shares in the previous session.

Levels Of Support And Resistance For TTWO Stock

The 24-hour chart illustrates a support level at 148.36, which if violated will result in even more drops to 147.35. On the upside, there is a resistance level at 151.16. A further resistance level may holdings at 152.95. The Relative Strength Index (RSI) on the 14-day chart is 34.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.18%. Stochastics%K at 4.77% indicates the stock is a buying.

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