AGS Stock Increases Over 13% Intraday: Why It Happened

By Amit Chowdhry ● July 20, 2021

– The stock price of PlayAGS Inc (NYSE: AGS) increased by over 13% during intraday trading. This is why it happened.

The stock price of PlayAGS Inc (NYSE: AGS) increased by over 13% during intraday trading. Investors were likely responding positively to AGS announcing that it was named among the Best and Brightest Companies to Work For in the Nation and in Metro Atlanta for 2021 – the fifth consecutive year that AGS has won the coveted nationwide and Atlanta distinction.

Of the 1,000 companies that submitted nominations for the spring 2021 Best and Brightest national award, only 113 were named to the prestigious Best and Brightest list, putting AGS in the top 11% of all companies nominated. And for the Atlanta area where AGS has an R&D center and game development studios spread across Duluth and Midtown, AGS was among the top 11% of all Atlanta-based companies nominated, with 107 companies selected out of 1,000 nominations.

The competition selects organizations that display a commitment to excellence in operations and employee enrichment that lead to increase productivity and financial performance. And organizations are assessed based on categories like communication, work-life balance, employee education, diversity, recognition, retention, and more.

KEY QUOTES:

“After the challenging pandemic year that we all just went through, winning the Best and Brightest in the nation and Atlanta for the fifth straight year is even more meaningful. Despite the fact that nearly all of us were working remotely, we prioritized internal communication to help sustain our employee-focused culture and make it through the pandemic as an even stronger and more cohesive team, with a bright future ahead.”

— AGS President and Chief Executive Officer David Lopez

“The Best and Brightest is a powerful community of elite leaders who are employers of choice. Best and Brightest- winning companies have also been a voice for important actions in creating a sustainable culture that works, ensuring the wellbeing of their employees comes first.”

— Best and Brightest Programs President and Chief Executive Officer Jennifer Kluge

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.