Playtech Stock
No recommendation
Playtech plc: Software & IT Services. FTSE ® and Footsie ® are trademarks jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are. As of 0820 GMT, Playtech shares were up 1.78% at 497.50p, while 888 shares were 1.99% higher at 308.0p. The value of investments can go down in value as well as up, so you could get back less than. The ideas and technological innovations today that could change our world in the future.
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StockMarketWire.com - The FTSE 100 was up 0.9% to 6,673.72 by midday as chancellor Rishi Sunak prepared to deliver his budget. Hotels group Whitbread was among the top risers, up 5.1% £35.78. (Alliance News) - Playtech PLC on Tuesday said it has signed strategic agreements with various subsidiaries of Greenwood Racing Inc, which own and operate the Parx Casino in Bensalem, Pennsylvania.
(Sharecast News) - Gambling software group said on Tuesday that it has signed strategic agreements with various subsidiaries of Greenwood Racing.
said the agreement with Greenwood, which owns and operates the Parx Casino in Pennsylvania, includes licensing of its products in the states of Michigan, Indiana, New Jersey and Pennsylvania, commencing with the launch of online casino in Michigan on the FTSE 250-listed company's IMS platform and player account management.
Chief executive Mor Weizer said: 'The US is a highly strategic market and this multi-state, multi-product agreement highlights the demand for the full breadth of our product offering.
Playtech Stock Value
'This is the next step for in the US and we are delighted to work with the Greenwood companies to capture this exciting long-term opportunity.'
As of 0850 GMT, shares were up 2.11% at 495.23p.
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- GME shares jump over 80% in trading on Monday, after rallying 51% on Friday
- Shares now up 250% this month
- Analysts cite short squeeze and heavy retail volumes
Shares in GameStop Corp. (GME) surged another 80% on Monday as the stock’s breakneck ascent continued amid frenzied retail trading activity. The stock jumped to over $101 in early trade, hitting a session high before jumping again to $119, having been worth as little as $6 four months ago.
GameStop is the latest stock to benefit from intense retail interest among stock day traders and is a popular topic on Reddit, where many on the ‘wallstreetbets’ thread are backing the stock. In fact, it’s become the number one topic on the /r/wallstreetbets subreddit site, which has 2m members.
Playtech Stock
The rally came despite a double-downgrade from Telsey Advisory Group, which slashed its rating on the stock to underperform from outperform, noting a basic disconnect between fundamentals and valuation. “The sudden, sharp surge in GameStop’s share price and valuation likely has been fuelled by a short squeeze, given the high short interest, and, to a lesser degree, speculation by retail investors on forecasts for the new gaming cycle and the involvement of activist RC Ventures,” the analyst note said.