Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dave & Buster’s Entertainment Inc shares valued at $5,295 were purchased by Harper Darin on Jul 05 ’24. At $37.82 per share, Harper Darin acquired 140 shares. The insider’s holdings grew to 35,738 shares worth approximately $1.15 million following the completion of this transaction.
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Also, Harper Darin purchased 13,438 shares, netting a total of over 521,126 in proceeds. Following the buying of shares at $38.78 each, the insider now holds 35,598 shares.
Before that, SHEEHAN KEVIN M had sold 50,000 shares from its account. In a trade valued at $3,285,755, the Director traded Dave & Buster’s Entertainment Inc shares for $65.72 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $1.6 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 drop of approximately -10.40%. Over the course of the year, Dave & Buster’s Entertainment Inc shares have dropped approximately -40.50%. Shares of the company reached a 52-week high of $69.82 on 04/03/24 and a 52-week low of $31.13 on 08/07/24. A 50-day SMA is recorded $40.75, while a 200-day SMA reached $49.11. Nevertheless, trading volume fell to 0.62 million shares from 0.84 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 31.51, which, if violated, would cause prices to drop to 30.99. In the upper region, resistance lies at 32.53. The next price resistance is at 33.03. RSI (Relative Strength Index) is 31.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.28, which suggests the price will decrease in the coming days. Percent R is at 88.56%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
