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Hawk’s Nest

Small Cap Video Game Developer Sees Large Call Buyer

by | Nov 16, 2022

SciPlay (SCPL) buyer of 10,000 Feb $15 calls for $1.50 as the stock stays strong after its big earnings pop recently. The $1.9B small cap video game developer went public late last year during the market peak and has since found a bottom at the 10 level this year as it now rebounds back above the 200 EMA after earnings last week. The stock also has seen Engine Capital Management increase its active stake to 5.7% the past quarter. Craig Hallum upgraded the name to Buy last week and has a $17 target.