\u201cI’ve done a lot of research on Playtika over past 10-years… 99 percent of the items in this report are wrong, misconstrued, and or misleading,\u201d <\/strong>said Eilers & Krejcik Gaming partner Adam Krejcik in a tweet earlier today.<\/p>\nKrejcik didn’t elaborate on why Grizzly’s analysis of Playtika is inaccurate.<\/p>\n
\u201cIn summary, we believe Playtika\u2019s short-termism comes at the expense of lasting shareholder and business value. Looming regulatory risks and an aggressive monetization strategy make the business unsustainable. We see over 40 percent downside in the stock in the short to medium term,\u201d concludes Grizzly.<\/p>\n
The stock closed at $15.54 today and is 55.71 percent below its 52-week high.<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares of Playtika (NASDAQ:PLTK) plunged Thursday after a research firm issued a short report on the mobile gaming company. But at least one industry observer believes the analysis is inaccurate. Playtika slid 8.53 percent on volume that was triple the daily average. That’s after Grizzly Research issued a scathing report in which it claims the […]<\/p>\n","protected":false},"author":46,"featured_media":200404,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,20],"tags":[],"acf":[],"yoast_head":"\n
Playtika Slides Following Bearish Report From Grizzly Research<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n