Playtika Holding Corp’s recently made public that its 10% Owner Playtika Holding UK II Ltd unloaded Company’s shares for reported $1.8 million on Dec 06 ’24. In the deal valued at $8.54 per share,211,151 shares were sold. As a result of this transaction, Playtika Holding UK II Ltd now holds 201,894,926 shares worth roughly $1.67 billion.
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Then, Playtika Holding UK II Ltd sold 207,198 shares, generating $1,790,232 in total proceeds. Upon selling the shares at $8.64, the 10% Owner now owns 201,687,728 shares.
Before that, Playtika Holding UK II Ltd sold 200,000 shares. Playtika Holding Corp shares valued at $1,712,820 were divested by the 10% Owner at a price of $8.56 per share. As a result of the transaction, Playtika Holding UK II Ltd now holds 202,273,467 shares, worth roughly $1.67 billion.
A number of analysts have revised their coverage, including Macquarie’s analysts, who decreased its forecast for the stock in mid June from “an Outperform” to “a Neutral”. HSBC Securities also remained covering PLTK and has decreased its forecast on January 22, 2024 with a “Hold” recommendation from previously “Buy” rating. BofA Securities revised its rating on January 18, 2024. It rated PLTK as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of PLTK
On Tuesday, Playtika Holding Corp [NASDAQ:PLTK] saw its stock fall -3.95% to $8.27. Over the last five days, the stock has lost -3.50%. Playtika Holding Corp shares have fallen nearly -5.16% since the year began. Nevertheless, the stocks have risen 0.36% over the past one year. While a 52-week high of $9.23 was reached on 05/20/24, a 52-week low of $6.25 was recorded on 03/05/24. SMA at 50 days reached $8.06, while 200 days put it at $7.73.
Levels Of Support And Resistance For PLTK Stock
The 24-hour chart illustrates a support level at 8.14, which if violated will result in even more drops to 8.00. On the upside, there is a resistance level at 8.51. A further resistance level may holdings at 8.74. The Relative Strength Index (RSI) on the 14-day chart is 46.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.50%. Stochastics %K at 47.50% indicates the stock is a holding.
How much short interest is there in Playtika Holding Corp?
A steep rise in short interest was recorded in Playtika Holding Corp stocks on 2024-11-29, dropping by -0.27 million shares to a total of 3.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.02 million shares. There was a decline of -7.14%, which implies that there is a negative sentiment for the stock.
