Overall market sentiment has been down on Playtika Holding Corp (PLTK) stock lately. PLTK receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Playtika Holding Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PLTK!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With PLTK Stock Today?
Playtika Holding Corp (PLTK) stock is trading at $8.93 as of 12:12 PM on Tuesday, Nov 29, a decline of -$0.07, or -0.78% from the previous closing price of $9.00. The stock has traded between $8.81 and $9.03 so far today. Volume today is below average. So far 589,319 shares have traded compared to average volume of 1,255,580 shares.
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More About Playtika Holding Corp
Playtika Holding Corp is primarily engaged in developing mobile games. Some of its games include Board Kings, House of Fun, Poker Heat, Slotomania, and Bingo Blitz. The company has built live game operations services and a proprietary technology platform to support its portfolio of games. It primarily derives revenue from the sale of virtual items associated with online games. Geographically, the group has a business presence in the USA, EMEA, APAC and Other regions of which key revenue is derived from the USA. It offers both Mobile and Web-based platforms.
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