In a filing, PLAYSTUDIOS Inc revealed its Chief Financial Officer Peterson Scott Edward unloaded Company’s shares for reported $52000.0 on Dec 16 ’24. In the deal valued at $2.08 per share,25,000 shares were sold. As a result of this transaction, Peterson Scott Edward now holds 533,998 shares worth roughly $0.95 million.
Then, Peterson Scott Edward bought 25,000 shares, generating $52,069 in total proceeds.
Before that, Peterson Scott Edward sold 25,000 shares. PLAYSTUDIOS Inc shares valued at $43,400 were divested by the Chief Financial Officer at a price of $1.74 per share. As a result of the transaction, Peterson Scott Edward now holds 558,998 shares, worth roughly $0.99 million.
JP Morgan downgraded its PLAYSTUDIOS Inc [MYPS] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. Craig Hallum also remained covering MYPS and has decreased its forecast on August 06, 2024 with a “Hold” recommendation from previously “Buy” rating. BTIG Research started covering the stock on August 14, 2023. It rated MYPS as “a Neutral”.
Price Performance Review of MYPS
On Friday, PLAYSTUDIOS Inc [NASDAQ:MYPS] saw its stock unchanged to $1.77. Over the last five days, the stock has gained 2.31%. PLAYSTUDIOS Inc shares have fallen nearly -4.84% since the year began. Nevertheless, the stocks have fallen -21.68% over the past one year. While a 52-week high of $3.04 was reached on 01/03/25, a 52-week low of $1.20 was recorded on 01/10/25. SMA at 50 days reached $1.8628, while 200 days put it at $1.9233.
Levels Of Support And Resistance For MYPS Stock
The 24-hour chart illustrates a support level at 1.7317, which if violated will result in even more drops to 1.6933. On the upside, there is a resistance level at 1.8367. A further resistance level may holdings at 1.9033. The Relative Strength Index (RSI) on the 14-day chart is 43.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0329, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.65%. Stochastics %K at 33.93% indicates the stock is a holding.
How much short interest is there in PLAYSTUDIOS Inc?
A steep rise in short interest was recorded in PLAYSTUDIOS Inc stocks on 2024-12-31, growing by 0.22 million shares to a total of 0.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.39 million shares. There was a rise of 35.83%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 18, 2023 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $5 price target.
