Why Playtika Holding's Stock Slumped 15% on Monday
Shareholders of Playtika Holding (NASDAQ: PLTK) endured significant losses on Monday as shares fell 15% by 3:15 p.m. ET, compared to a 2.6% plunge in the wider market. The drop pushed the mobile-gaming platform specialist further into negative territory, down nearly 50% in the past year.
Shares fell on news that a major shareholder is considering unloading much of its stock.
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Source Fool.com
