Dave & Buster's Entertainment, Inc. PLAY shares are trading higher by $8.00 (17 percent) at $56.00 in Wednesday's session. The catalyst for the huge rally to a new all-time high is Q3 beat of $0.11 along with a $12 million beat for revenues. The company raised FY 2016 revenue and comps guidance.
After a higher open, it saw a brief retreat to $53.77 before continuing its jaunt higher. It has continued to make new highs for the session with $56.20 standing as the current high. That is over $6.00 higher than its former all-time high of $49.90 from July.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.