Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dave & Buster’s Entertainment Inc shares valued at $961,397 were purchased by SHEEHAN KEVIN M on Dec 12 ’24. At $25.48 per share, SHEEHAN KEVIN M acquired 37,735 shares. The insider’s holdings grew to 139,011 shares worth approximately $3.54 million following the completion of this transaction.
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Also, Klohn Steve purchased 7,134 shares, netting a total of over 286,392 in proceeds.
Before that, MORRIS CHRISTOPHER DANIEL had added 14,912 shares to its account. In a trade valued at $502,162, the Chief Executive Officer bought Dave & Buster’s Entertainment Inc shares for $33.67 each. Upon closing the transaction, the insider’s holdings increased to 14,912 shares, worth approximately $2.14 million.
As published in a research note from William Blair on December 11, 2024, Dave & Buster’s Entertainment Inc [PLAY] has been rated down from an Outperform to a Mkt perform. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid December. As of December 11, 2024, Gordon Haskett has decreased its “Buy” rating to a “Hold” for PLAY. Earlier on October 07, 2024, The Benchmark Company initiated its rating. Their recommendation was “a Hold” for PLAY stock.
Analyzing PLAY Stock Performance
During the last five days, there has been a drop of approximately -31.42%. Over the course of the year, Dave & Buster’s Entertainment Inc shares have dropped approximately -52.66%. Shares of the company reached a 52-week high of $69.82 on 04/03/24 and a 52-week low of $25.00 on 12/12/24. A 50-day SMA is recorded $36.40, while a 200-day SMA reached $43.22. Nevertheless, trading volume fell to 6.69 million shares from 10.57 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 23.82, which, if violated, would cause prices to drop to 22.14. In the upper region, resistance lies at 28.34. The next price resistance is at 31.19. RSI (Relative Strength Index) is 25.79 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.08, which suggests the price will decrease in the coming days. Percent R is at 96.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
