After Today’s Huge Decline, Is Amaya Inc’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Amaya Inc's Near Term Analysis Negative?

The stock of Amaya Inc (TSE:AYA) is a huge mover today! About 136,803 shares traded hands. Amaya Inc (TSE:AYA) has risen 10.31% since March 10, 2016 and is uptrending. It has outperformed by 4.70% the S&P500.
The move comes after 8 months negative chart setup for the $2.88B company. It was reported on Oct, 17 by Barchart.com. We have $19.02 PT which if reached, will make TSE:AYA worth $201.60M less.

More recent Amaya Inc (TSE:AYA) news were published by: Reuters.com which released: “Canada’s Amaya, Britain’s William Hill in talks to merge” on October 07, 2016. Also Fool.com published the news titled: “Why Amaya, Inc. Stock Soared Today” on February 01, 2016. Reuters.com‘s news article titled: “BRIEF-Amaya Inc says confirms potential merger talks with William Hill” with publication date: October 07, 2016 was also an interesting one.

Amaya Inc. is a Canada-based provider of technology services and products in the global gaming and interactive entertainment industries. The company has a market cap of $2.88 billion. The Company’s business-to-consumer business consists of the activities of Amaya Group Holding (IOM) Limited and its subsidiaries (collectively Rational Group). It has a 1669.39 P/E ratio. Rational Group offers services and products, such as online (including desktop and mobile) real- and play-money poker and other products, including casino and sports betting (also known as sportsbook).

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