Playtika Stock Eyes Record Session After Double Upgrade

Core Viewpoint - Playtika's stock is experiencing a significant surge following a double-upgrade from Bank of America, indicating a potential shift in analyst sentiment towards the mobile gaming sector [1] Company Performance - Playtika's stock rose by 21.7%, trading at $5.36, recovering from an all-time low of $3.97 on March 21, although it still shows a year-to-date decline of 24.2% [2] - The stock is reclaiming most short-term moving averages, but faces resistance from longer-term trendlines, suggesting potential challenges for sustained rally [2] Analyst Sentiment - A notable 73% of analysts currently rate Playtika as a "hold" or worse, indicating that a shift in this bearish sentiment could lead to a significant price increase [3] - Short interest has increased by 31.6% over the last two reporting periods, with nearly 9.9% of the float sold short, presenting a potential for a short squeeze if the rally continues [3] Options Market Activity - Options traders have shown a bearish inclination, with a put/call volume ratio ranking in the 92nd percentile of annual readings, but this trend appears to be shifting due to the recent price increase [4] - The options market has seen a surge in activity, with 4,273 calls traded, which is 67 times the average intraday volume, indicating increased interest in bullish positions [4]