Stock Mover of The Day: What’s Majesco Entertainment Co. Upside After Today’s Big Increase?

Stock Mover of The Day: What's Majesco Entertainment Co. Upside After Today's Big Increase?

The stock of Majesco Entertainment Co. (NASDAQ:COOL) is a huge mover today! About 110,394 shares traded hands or 283.22% up from the average. Majesco Entertainment Co. (NASDAQ:COOL) has declined 30.44% since April 20, 2016 and is downtrending. It has underperformed by 35.00% the S&P500.
The move comes after 5 months positive chart setup for the $8.74M company. It was reported on Nov, 22 by Barchart.com. We have $3.50 PT which if reached, will make NASDAQ:COOL worth $437,000 more.

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 decreased to 0 in 2016 Q2. Its down 1.67, from 1.67 in 2016Q1. The ratio turned negative, 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.
Renaissance Techs Limited Liability Corporation accumulated 0% or 202,799 shares. Manufacturers Life Ins The holds 0% or 281 shares in its portfolio. Dsc Advsrs Limited Partnership last reported 267,979 shares in the company. Northern holds 12,268 shares or 0% of its portfolio. Blackrock Fund Advisors has 1,654 shares for 0% of their US portfolio. Vanguard Grp Inc last reported 0% of its portfolio in the stock. Deutsche Commercial Bank Ag holds 0% of its portfolio in Majesco Entertainment Co. (NASDAQ:COOL) for 3 shares. Fincl Bank Of America De, a North Carolina-based fund reported 21 shares. The Massachusetts-based Geode Cap Mngmt Limited Liability has invested 0% in Majesco Entertainment Co. (NASDAQ:COOL). California Employees Retirement System has 10,342 shares for 0% of their US portfolio.

Insider Transactions: Since November 9, 2016, the stock had 1 insider buy, and 0 insider sales for $60,000 net activity. 20,000 shares were bought by Honig Barry C, worth $60,000.

More news for Majesco Entertainment Co. (NASDAQ:COOL) were recently published by: Thestreet.com, which released: “Why Majesco Entertainment (COOL) Stock Is Tanking Today” on September 16, 2014. Thestreet.com‘s article titled: “Majesco Entertainment (COOL) Stock Soars on $10 Million Dividend Program” and published on January 06, 2016 is yet another important article.

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).

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