Positive Press Coverage Somewhat Unlikely to Affect Majesco Entertainment (COOL) Stock Price

Press coverage about Majesco Entertainment (NASDAQ:COOL) has trended positive on Friday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Majesco Entertainment earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.5570339129086 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

A number of research analysts have weighed in on COOL shares. Zacks Investment Research raised shares of Majesco Entertainment from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, April 17th. Cantor Fitzgerald set a $70.00 price objective on shares of Majesco Entertainment and gave the company a “buy” rating in a research note on Tuesday, March 20th. BidaskClub lowered shares of Majesco Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, April 17th. Finally, ValuEngine raised shares of Majesco Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd.

Majesco Entertainment opened at $28.17 on Friday, according to Marketbeat. Majesco Entertainment has a fifty-two week low of $28.27 and a fifty-two week high of $29.98.

In other news, major shareholder Barry C. Honig purchased 18,402 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were bought at an average cost of $17.65 per share, with a total value of $324,795.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Hansen Dyer purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 17th. The shares were purchased at an average cost of $16.57 per share, for a total transaction of $49,710.00. Following the completion of the transaction, the director now directly owns 23,522 shares of the company’s stock, valued at $389,759.54. The disclosure for this purchase can be found here. Insiders have purchased 36,802 shares of company stock worth $645,853 over the last three months. 59.91% of the stock is owned by insiders.

Majesco Entertainment Company Profile

PolarityTE, Inc operates as commercial-stage biotechnology and regenerative biomaterials company in the United States. The company focuses on discovering, designing and developing a range of regenerative tissue products and biomaterials for the fields of medicine, biomedical engineering, and material sciences.

Insider Buying and Selling by Quarter for Majesco Entertainment (NASDAQ:COOL)

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