Playtika Holding (PLTK.US) is one of the worst performing US stocks today. Company shed a quarter of its valuation following the release of a Q3 earnings report that the market saw as disappointing. Revenue in the third quarter of 2021 reached $635.9 million, below the median estimate of $662.4 million. Net income dropped from $119.9 million in Q3 2020 to $80.5 million in Q3 2021. Adjusted EBITDA dropped from $261.4 million to $247.8 million. Company expects full-year revenue to reach $2.57 billion, down from a $2.6 billion forecast released back in August.
Taking a look at stock at the D1 interval, we can see a massive slump today. Stock is trading around 25% lower compared to yesterday's close. Share price dropped to the support zone at $22.00 and it looks like the drop has been halted for now. Nevertheless, stock snapped the uptrend and unless we see a recovery from today's daily lows, outlook may remain bearish. The first major resistance to watch in case of a recovery can be found at $23.75.
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Source: xStation5
