The stock of Majesco Entertainment Co. (NASDAQ:COOL) is a huge mover today! The stock decreased 5.32% or $0.16 on November 4, hitting $2.85. About 94,217 shares traded hands or 216.12% up from the average. Majesco Entertainment Co. (NASDAQ:COOL) has declined 44.26% since April 4, 2016 and is downtrending. It has underperformed by 45.35% the S&P500.
The move comes after 9 months negative chart setup for the $7.31 million company. It was reported on Nov, 4 by Barchart.com. We have $2.51 PT which if reached, will make NASDAQ:COOL worth $877,200 less.
According to Zacks Investment Research, “Majesco Entertainment Company is an innovative provider of digital entertainment products and content. The Company’s three product lines include Games, which includes highly anticipated titles such as Advent Rising and JAWS Unleashed; Videos, which highlights the Company’s platform-independent video compression technology; and Gadgets, which includes innovative digital entertainment products like Frogger TV Arcade.”
Insitutional Activity: The institutional sentiment increased to 1.67 in 2016 Q2. Its up 0.87, from 0.8 in 2016Q1. The ratio increased, as 3 funds sold all Majesco Entertainment Co. shares owned while 0 reduced positions. 2 funds bought stakes while 3 increased positions. They now own 722,927 shares or 3.26% more from 700,123 shares in 2016Q1.
Dsc Limited Partnership, a Illinois-based fund reported 267,979 shares. Northern last reported 12,268 shares in the company. Deutsche Savings Bank Ag has 0% invested in the company for 3 shares. Financial Bank Of America De reported 21 shares or 0% of all its holdings. Geode Capital Mngmt Limited Liability accumulated 165,697 shares or 0% of the stock. California Employees Retirement, a California-based fund reported 10,342 shares. Vanguard Grp Incorporated Inc last reported 61,883 shares in the company. Manufacturers Life Insurance The, a Ontario – Canada-based fund reported 281 shares. Renaissance Lc holds 0% of its portfolio in Majesco Entertainment Co. (NASDAQ:COOL) for 202,799 shares. Blackrock Fund Advsrs has 1,654 shares for 0% of their US portfolio.
More important recent Majesco Entertainment Co. (NASDAQ:COOL) news were published by: Thestreet.com which released: “Why Majesco Entertainment (COOL) Stock Is Tanking Today” on September 16, 2014, also Thestreet.com published article titled: “Majesco Entertainment (COOL) Stock Soars on $10 Million Dividend Program”, Thestreet.com published: “Why Majesco Entertainment (COOL) Stock Is Soaring Today” on April 16, 2014. More interesting news about Majesco Entertainment Co. (NASDAQ:COOL) was released by: Streetinsider.com and their article: “Majesco Entertainment (COOL) Announces One-for-Six Reverse Stock Split” with publication date: July 29, 2016.
COOL Company Profile
Majesco Entertainment Company, incorporated on May 8, 1998, is a developer, marketer, publisher and distributor of interactive entertainment for consumers. The Firm develops and publishes a range of video games on digital networks through its Midnight City label, including Nintendo’s DS, 3DS, Wii and WiiU, Sony’s PlayStation 3 and 4 (PS3 and PS4), Microsoft’s Xbox 360 and Xbox One and the personal computer (PC).
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.