Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Playtika Holding Corp shares valued at $572,588 were sold by Playtika Holding UK II Ltd on Dec 16 ’24. At $7.54 per share, Playtika Holding UK II Ltd sold 75,923 shares. The insider’s holdings dropped to 200,554,660 shares worth approximately $1.38 billion following the completion of this transaction.
Also, Playtika Holding UK II Ltd sold 7,612 shares, netting a total of over 57,098 in proceeds. Following the sale of shares at $7.50 each, the insider now holds 200,547,048 shares.
Before that, Playtika Holding UK II Ltd had sold 369,560 shares from its account. In a trade valued at $2,873,957, the 10% Owner traded Playtika Holding Corp shares for $7.78 each. Upon closing the transaction, the insider’s holdings decreased to 369,560 shares, worth approximately $1.38 billion.
Analysts at Macquarie downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. As of January 22, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for PLTK. Earlier on January 18, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for PLTK stock which previously was a “a Neutral”.
Analyzing PLTK Stock Performance
During the last five days, there has been a surge of approximately 1.32%. Over the course of the year, Playtika Holding Corp shares have dropped approximately -0.72%. Shares of the company reached a 52-week high of $7.15 on 01/02/25 and a 52-week low of $6.82 on 01/02/25. A 50-day SMA is recorded $7.95, while a 200-day SMA reached $7.74. Nevertheless, trading volume fell to 0.74 million shares from 1.39 million shares the previous day.
Support And Resistance Levels for Playtika Holding Corp (PLTK)
According to the 24-hour chart, there is a support level at 6.75, which, if violated, would cause prices to drop to 6.62. In the upper region, resistance lies at 7.09. The next price resistance is at 7.29. RSI (Relative Strength Index) is 30.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 84.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
