107.66 +0.66 (0.62%)
After hours: 5:56PM EST
|Bid||107.20 x 1000|
|Ask||107.80 x 200|
|Day's Range||106.49 - 110.95|
|52 Week Range||92.81 - 139.91|
|Beta (3Y Monthly)||1.54|
|PE Ratio (TTM)||58.34|
|Earnings Date||Feb 5, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||144.05|
Jim Cramer sits down with Take-Two Interactive Software Chairman and CEO Strauss Zelnick to discuss the release of his video game company's newest blockbuster.
"Red Dead Redemption 2" is a massive hit, but one piece of its puzzle is still missing.
Gaming stocks scored monster gains during our decade-long bull market. The selling pressure came to a head last week when industry leader, Activision Blizzard (NASDAQ:ATVI), cratered 12% on disappointing earnings amid shrinking monthly active users. Momentum traders are now witnessing the double-edged sword nature of playing with high-octane stocks.
Activision Blizzard's Q3 Results Were in Line—Why Did It Fall? Activision Blizzard (ATVI) stock has fallen 32% over the last 40 days or so to end up at $56.6 on November 8. Investors were unimpressed with the company’s fourth-quarter revenue guidance, its Call of Duty: Black Ops 4 sales, and its Diablo Immortal announcement, leading to the steep fall in its stock.
Activision Blizzard’s (ATVI) Call of Duty, World of Warcraft, and Candy Crush continue to be major drivers of its revenue growth. These content releases have provided a strong foundation for the company’s second-largest revenue driver: its live operations.
Activision Blizzard released “Call of Duty: Black Ops 4” on Oct. 12, and the publisher’s stock price has crumbled by 29% since then. Take-Two Interactive Software unleashed “Red Dead Redemption 2” on Oct. 26, and its stock price has since slumped nearly 6%.
The technology-heavy Nasdaq plunged 2.4% in late afternoon trading as multiple software industry groups, internet companies and biotechs fell sharply.
Investing.com - The videogame sector is probably looking for the reset button as another big name was punished by the market in midday trading.
Activision Blizzard (NASDAQ:ATVI) beat on both earnings and revenue in its latest report. This accelerated a downtrend that has been plaguing ATVI stock since early October. Given the negative momentum and falling MAUs, however, investors should probably hold out for a lower entry points.
, right after the release of "Red Dead Redemption 2," which already sold more than 17 million copies. Zelnick said "Red Dead Redemption 2" saw the biggest opening weekend of any entertainment product ever, far better than their expectations. In this daily bar chart of TTWO, below, we can see how prices have been under selling pressure since early October.
Index (PMI) data, output in the Consumer Goods sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
CNBC's Jim Cramer explains how FANG’s movements can be attributed to being in an ETF. The "Mad Money" host also sits down with the CEOs of DowDuPont, Take-Two Interactive and Norwegian Cruise Line. The rise of exchange-traded funds has made entire groups of stocks "nothing but chits in a bizarre game of stock market roulette," CNBC's Jim Cramer said Thursday.
Take-Two Interactive Software Chairman and CEO Strauss Zelnick discusses the release of his video game company's newest blockbuster with CNBC's Jim Cramer. In just eight days, Take-Two Interactive Software's TTWO blockbuster Western-themed video game, "Red Dead Redemption 2," has outpaced its predecessor's total sales, Take-Two chief Strauss Zelnick told CNBC on Thursday. "In eight days, we've sold in 17 million units of 'Red Dead Redemption 2.' That's more than we sold of the first 'Red Dead Redemption' in eight years," Zelnick, chairman and CEO of the Rockstar Games parent, told Jim Cramer in an interview.
Video game publisher Take-Two Interactive Software smashed Wall Street’s targets for the September quarter and guided higher. Take-Two stock jumped late.
The stock market tone continued to improve Wednesday. The Dow Jones and S&P 500 index shot up 2.1% while the Nasdaq composite gained 2.6%, all in higher volume
Take-Two Interactive Software received at least nine price-target increases from Wall Street following its better-than-expected September-quarter earnings report. Take-Two stock fell.
After initially rallying on the results, TTWO stock is actually down around 4%. Below this mark and conservative investors can stop out of the trade. A move back over the 50-day and 100-day moving averages could trigger a breakout over $130.
Investing.com - Facebook (NASDAQ:FB) fell in midday trading as it is reportedly set to face more regulatory scrutiny in Europe, while videogame stocks slid despite a solid earnings report from Take-Two Interactive .
Take-Two Interactive Software, Inc. (NASDAQ: TTWO ) released second-quarter earnings Wednesday that came in above expectations, driven by consumer spending and the increasing popularity of gaming . The ...