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PLAY - Dave & Buster's: Steve Cohen Takes Advantage Of The WSJ-Induced 26% Sell-Off
Dave & Buster's Entertainment Inc.
The WSJ published a provocative and questionable article on Dave & Buster's after the bell on September 16th. This led to a dramatic 26% sell on heavy volume.
After the bell on September 18th, Steve Cohen disclosed a 7.3% stake in shares of Dave & Buster's.
On the company's September 10th Q2 FY 2020 conference call, management gave no indications of bankruptcy, and the language in the 10-Q hadn't changed from Q1 to Q2.