Take-Two's Stock Gets Hijacked By GTA V Announcement
Author: William Usher
published: 2011-10-26 13:55:05
In no big surprise, Take-Two Interactive’s stock has seen a slight bump in points. A marginal increase took place when Rockstar (a subsidiary of Take-Two Interactive) announced that Grand Theft Auto V is on the way. They even set a release date for the very first trailer for the game.
According to GameIndustry.biz, Take-Two’s stock traded at a respectable high of $15.71 throughout the day, closing at $15.22.
The stock price for Take-Two previous to the GTA V announcement had averaged out around the $13 mark, very similar to Activision’s trading price before Modern Warfare 3’s release date drew near. Over the course of October, with a lot of the GTA III anniversary news making headway on the headlines, the price slowly climbed up until it finally peaked close to the $16 mark after the GTA V announcement.
The good news for both shareholders and gamers is that a (teaser) trailer is expected to arrive on November 2nd. No one knows exactly what the trailer will contain or how much footage of the game we’ll see, but there’s no doubt that the video will create enough buzz to keep gamers giddy and shareholders happy.
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