The stock of Majesco Entertainment Co. (NASDAQ:COOL) is a huge mover today! About 100,208 shares traded hands or 410.04% up from the average. Majesco Entertainment Co. (NASDAQ:COOL) has declined 25.21% since March 3, 2016 and is downtrending. It has underperformed by 33.55% the S&P500.
The move comes after 7 months positive chart setup for the $11.12 million company. It was reported on Oct, 6 by Barchart.com. We have $5.04 PT which if reached, will make NASDAQ:COOL worth $4.23 million 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 increased to 1.67 in Q2 2016. Its up 0.87, from 0.8 in 2016Q1. The ratio improved, 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.
Moreover, Manufacturers Life Ins The has 0% invested in Majesco Entertainment Co. (NASDAQ:COOL) for 281 shares. Geode Capital Mngmt Ltd Co has 165,697 shares for 0% of their US portfolio. Vanguard accumulated 61,883 shares or 0% of the stock. Renaissance Technologies, a New York-based fund reported 202,799 shares. Deutsche Natl Bank Ag has 0% invested in the company for 3 shares. California Employees Retirement System holds 0% of its portfolio in Majesco Entertainment Co. (NASDAQ:COOL) for 10,342 shares. Bank Of America Corporation De has invested 0% of its portfolio in Majesco Entertainment Co. (NASDAQ:COOL). Northern last reported 0% of its portfolio in the stock. Dsc Advisors Lp accumulated 267,979 shares or 0.12% of the stock. Blackrock Fund accumulated 1,654 shares or 0% of the stock.
More notable 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 with their article: “Majesco Entertainment (COOL) Stock Soars on $10 Million Dividend Program” published on January 06, 2016, Thestreet.com published: “Why Majesco Entertainment (COOL) Stock Is Soaring Today” on April 16, 2014. More interesting news about Majesco Entertainment Co. (NASDAQ:COOL) were released by: Streetinsider.com and their article: “Majesco Entertainment (COOL) Announces One-for-Six Reverse Stock Split” published on July 29, 2016 as well as Finance.Yahoo.com‘s news article titled: “Majesco Entertainment Announces Special Dividend” with publication date: January 06, 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).
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