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Monitoring Dave & Buster’s Entertainment Inc (PLAY) after recent insider movements

Dave & Buster’s Entertainment Inc’s recent filing unveils that its Chief Financial Officer Harper Darin acquired Company’s shares for reported $5295.0 on Jul 05 ’24. In the deal valued at $37.82 per share,140 shares were bought. As a result of this transaction, Harper Darin now holds 35,738 shares worth roughly $1.1 million.

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Then, Harper Darin bought 13,438 shares, generating $521,126 in total proceeds. Upon buying the shares at $38.78, the Chief Financial Officer now owns 35,598 shares.

Before that, SHEEHAN KEVIN M sold 50,000 shares. Dave & Buster’s Entertainment Inc shares valued at $3,285,755 were divested by the Director at a price of $65.72 per share. As a result of the transaction, SHEEHAN KEVIN M now holds 50,000 shares, worth roughly $1.54 million.

Piper Sandler downgraded its Dave & Buster’s Entertainment Inc [PLAY] rating to a Neutral from a an Overweight in a research note published on April 04, 2024; the price target was increased to $71 from $50. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late March from “an Outperform” to “a Mkt perform”. Raymond James also remained covering PLAY and has decreased its forecast on September 07, 2023 with a “an Outperform” recommendation from previously “Strong buy” rating. Piper Sandler started covering the stock on July 18, 2023. It rated PLAY as “an Overweight”.

Price Performance Review of PLAY

On Monday, Dave & Buster’s Entertainment Inc [NASDAQ:PLAY] saw its stock fall -3.27% to $30.72. Over the last five days, the stock has lost -5.07%. Dave & Buster’s Entertainment Inc shares have fallen nearly -42.95% since the year began. Nevertheless, the stocks have fallen -25.04% over the past one year. While a 52-week high of $69.82 was reached on 04/03/24, a 52-week low of $31.12 was recorded on 08/12/24. SMA at 50 days reached $40.07, while 200 days put it at $49.07.

Levels Of Support And Resistance For PLAY Stock

The 24-hour chart illustrates a support level at 30.22, which if violated will result in even more drops to 29.71. On the upside, there is a resistance level at 31.62. A further resistance level may holdings at 32.52. The Relative Strength Index (RSI) on the 14-day chart is 28.23, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.71%. Stochastics%K at 6.89% indicates the stock is a buying.

How much short interest is there in Dave & Buster’s Entertainment Inc?

A steep rise in short interest was recorded in Dave & Buster’s Entertainment Inc stocks on , dropping by -0.83 million shares to a total of 3.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.76 million shares. There was a decline of -21.11%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on May 08, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $38 price target.

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