Playtika Holding Corp (NASDAQ:PLTK) shares traded -10.29% lower at $4.01 on Wall Street last session.
PLTK stock price is now -37.07% away from the 50-day moving average and -45.86% away from the 200-day moving average. The market capitalization of the company currently stands at $1.51B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $9 to $6, Robert W. Baird Downgraded its rating from Outperform to Neutral for Playtika Holding Corp (NASDAQ: PLTK). , while ‘Macquarie’ rates the stock as ‘Neutral’
In other news, Playtika Holding UK II Ltd, 10% Owner sold 75,923 shares of the company’s stock on Dec 16 ’24. The stock was sold for $572,588 at an average price of $7.54. Upon completion of the transaction, the 10% Owner now directly owns 200,554,660 shares in the company, valued at $804.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 17 ’24, 10% Owner Playtika Holding UK II Ltd sold 7,612 shares of the business’s stock. A total of $57,098 was realized by selling the stock at an average price of $7.50. This leaves the insider owning 200,547,048 shares of the company worth $804.19 million. A total of 82.01% of the company’s stock is owned by insiders.
During the past 12 months, Playtika Holding Corp has had a low of $4.43 and a high of $9.15.
The company reported revenue of $650.3 million for the quarter, compared to $637.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.94 percent.
