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. Take-Two Interactive Software, Inc shares valued at $3,694,000 were sold by ZELNICK STRAUSS on Nov 19 ’24. At $184.70 per share, ZELNICK STRAUSS sold 20,000 shares. The insider’s holdings dropped to 39,051 shares worth approximately $7.29 million following the completion of this transaction.
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Also, ZELNICK STRAUSS purchased 20,000 shares, netting a total of over 3,697,800 in proceeds.
Before that, ZELNICK STRAUSS had sold 25,000 shares from its account. In a trade valued at $4,409,901, the Chairman, CEO traded Take-Two Interactive Software, Inc shares for $176.40 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $0.0.
As published in their initiating research note from Redburn Atlantic on August 29, 2024, Take-Two Interactive Software, Inc [TTWO] has been a Buy and the price target has been revised to $194. Analysts at HSBC Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of May 23, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for TTWO. Earlier on May 17, 2024, HSBC Securities downgraded its rating. Their new recommendation was “a Hold” for TTWO stock which previously was a “a Buy”.
Analyzing TTWO Stock Performance
During the last five days, there has been a surge of approximately 2.81%. Over the course of the year, Take-Two Interactive Software, Inc shares have jumped approximately 15.92%. Shares of the company reached a 52-week high of $187.31 on 11/21/24 and a 52-week low of $135.24 on 08/08/24. A 50-day SMA is recorded $161.46, while a 200-day SMA reached $153.71. Nevertheless, trading volume fell to 1.17 million shares from 1.36 million shares the previous day.
Support And Resistance Levels for Take-Two Interactive Software, Inc (TTWO)
According to the 24-hour chart, there is a support level at 185.22, which, if violated, would cause prices to drop to 183.87. In the upper region, resistance lies at 187.62. The next price resistance is at 188.67. RSI (Relative Strength Index) is 77.29 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.99, which suggests the price will increase in the coming days. Percent R is at 2.78%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
