UBS Initiated at Buy on May 2nd = Closed at 34.28 UBS Downgrades to Neutral today = Opened at 24.07
For the life of me I can't figure out why THQ stock is so low. Releases for Xmas look good, but I'm in for longer than any one christmas ... this is a well run company at an attractive price at the start of it's boom cycle... in 5 years, anyone not buying now is going to be kicking themselves.
The only thing I can think of is pairing of long/short positions. Since THQI has been moving opposite ATVI and ERTS for a couple of months now. It is possible that folks are going long on ATVI (or ERTS) and shorting THQI and making the performance difference. They would do this if they think ATVI will outperform THQI. The only problem here is that the short interest has not increased much. Other than that, I agree that it is a well run, conservative company that is trading very cheap, especially against ATVI and ERTS.