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 $444,299 were purchased by Steve Klohn on Sep 12 ’24. At $31.10 per share, Steve Klohn acquired 14,287 shares.
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Also, Klohn Steve sold 17,512 shares, netting a total of over 545,207 in proceeds. Following the sale of shares at $31.13 each, the insider now holds 14,657 shares.
Before that, Klohn Steve had added 3,225 shares to its account. In a trade valued at $100,913, the Officer bought Dave & Buster’s Entertainment Inc shares for $31.29 each.
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 3.69%. Over the course of the year, Dave & Buster’s Entertainment Inc shares have dropped approximately -38.40%. Shares of the company reached a 52-week high of $69.82 on 04/03/24 and a 52-week low of $29.31 on 09/11/24. A 50-day SMA is recorded $32.60, while a 200-day SMA reached $47.72. Nevertheless, trading volume fell to 0.87 million shares from 0.97 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 32.59, which, if violated, would cause prices to drop to 32.02. In the upper region, resistance lies at 33.56. The next price resistance is at 33.96. RSI (Relative Strength Index) is 53.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.76, which suggests the price will decrease in the coming days. Percent R is at 44.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
