What is igt’a stock likely to do today?
7/30/2024 06:46pm
**International Game Technology (IGT) is likely to experience volatility today**, and here's why:
1. **Recent Acquisitions and Partnerships**: IGT's recent acquisitions, such as the agreement to be acquired by Apollo Global Management for its gaming and digital business and Everi Holdings, could lead to short-term volatility as the market adjusts to the new ownership structure.
2. **Earnings History and Expectations**: IGT has an impressive earnings surprise history, which suggests that the company has a track record of exceeding expectations. The upcoming earnings report on July 30, 2024, could influence the stock's direction if the results are significantly different from market expectations.
|Ticker|Name|Earnings Release Date|Date|code|market_code|
|---|---|---|---|---|---|
|IGT.N|International Game Technology|20240312|20231231-20240701|IGT|169|
|IGT.N|International Game Technology|20240514|20231231-20240701|IGT|169|
|IGT.N|International Game Technology|20240730|20231231-20240701|IGT|169|
3. **Analyst Price Targets**: The average price target for IGT is $27.2, which represents a potential upside from the current price. Analysts' positive outlook could provide support for the stock.
4. **Technical Indicators**: The stock's technical indicators, such as the MACD (0.52) and RSI (74.6), indicate a positive momentum and potential overbought conditions, respectively. These indicators suggest that the stock may experience some consolidation or a pullback if the market perceives it as overvalued.
|Ticker|Name|MACD|Date|code|market_code|
|---|---|---|---|---|---|
|IGT.N|International Game Technology|0.5249|20240729|IGT|169|
5. **Support and Resistance Levels**: The current support level is at $23.2, and the resistance level is at $23.82. The stock may face some resistance at the current resistance level, but a break above it could lead to further gains.
|Ticker|Name|Resistance Level|Date|code|market_code|
|---|---|---|---|---|---|
|IGT.N|International Game Technology|23.8200|20240729|IGT|169|
6. **Market Sentiment**: The market's sentiment towards IGT could be influenced by factors such as industry trends, regulatory developments, and competition. Positive news and industry accolades, such as IGT's recognition for diversity and inclusion, could boost investor confidence.
In conclusion, while IGT has some positive factors supporting its stock, such as strong earnings history and an upward price target, the recent acquisitions and the upcoming earnings report could introduce some uncertainty. Investors should monitor these factors closely and consider their investment strategy accordingly.