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Analyzing Dave & Buster’s Entertainment Inc (PLAY) After Recent Trading Activity

Dave & Buster’s Entertainment Inc’s filing revealed that its Chief Executive Officer MORRIS CHRISTOPHER DANIEL acquired Company’s shares for reported $0.5 million on Oct 07 ’24. In the deal valued at $33.67 per share,14,912 shares were bought. As a result of this transaction, MORRIS CHRISTOPHER DANIEL now holds 83,847 shares worth roughly $3.07 million.

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Then, Steve Klohn bought 14,287 shares, generating $444,299 in total proceeds.

Before that, Klohn Steve sold 17,512 shares. Dave & Buster’s Entertainment Inc shares valued at $545,207 were divested by the SVP Chief Information Officer at a price of $31.13 per share. As a result of the transaction, Klohn Steve now holds 14,657 shares, worth roughly $0.54 million.

The Benchmark Company initiated its Dave & Buster’s Entertainment Inc [PLAY] rating to a Hold in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early April from “an Overweight” to “a Neutral”. Raymond James also remained covering PLAY and has decreased its forecast on March 25, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on September 07, 2023. It rated PLAY as “an Outperform” which previously was an “a Strong buy”.

Price Performance Review of PLAY

On Friday, Dave & Buster’s Entertainment Inc [NASDAQ:PLAY] saw its stock fall -5.55% to $36.62. Over the last five days, the stock has gained 10.40%. Dave & Buster’s Entertainment Inc shares have fallen nearly -32.00% since the year began. Nevertheless, the stocks have risen 1.47% over the past one year. While a 52-week high of $69.82 was reached on 04/03/24, a 52-week low of $29.31 was recorded on 09/11/24. SMA at 50 days reached $32.54, while 200 days put it at $46.63.

Levels Of Support And Resistance For PLAY Stock

The 24-hour chart illustrates a support level at 35.70, which if violated will result in even more drops to 34.77. On the upside, there is a resistance level at 38.27. A further resistance level may holdings at 39.91. The Relative Strength Index (RSI) on the 14-day chart is 59.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.76%. Stochastics %K at 88.56% indicates the stock is a selling.

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 2024-09-30, growing by 2.2 million shares to a total of 6.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.82 million shares. There was a rise of 36.6%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on July 18, 2023 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $56 price target.

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