Herzliya, Israel-based mobile-games developer Playtika Holding Corp. (PLTK) is currently trading 39.4% below its 52-week high of $30, which it hit on Nov. 2, 2021. However, the company recently reported solid fourth-quarter earnings in which its revenues and EPS beat the Street's estimates by 1.3% and 38.9%, respectively.
However, the company’s board of directors recently initiated a process to evaluate its potential strategic alternatives to maximize value for their stockholders, including a sale of the company or other possible transactions.
