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Stock Market & Financial Investment News

News Breaks
January 11, 2013
06:19 EDTATVI, ZNGA, GLUU, TTWO, EA, GMEDecember NPD data confirms weak industry backdrop, says Piper Jaffray
Piper Jaffray says console software industry sales declined 26% year-over-year according to NPD data, below the consensus estimate of down 16%. Piper believes big-budget titles continue to sell well and take market share amid a weak overall industry backdrop. The firm reiterates Overweight ratings on Activision (ATVI) and Take-Two (TTWO), and remains Neutral on Game Stop (GME). The firm also downgraded shares of Electronic Arts (EA) this morning to Neutral.
News For ATVI;EA;GLUU;GME;TTWO;ZNGA From The Last 14 Days
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September 17, 2014
12:39 EDTATVIActivision Blizzard sell-off on Destiny data overdone, says RW Baird
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11:24 EDTATVIActivision Blizzard weakness a buying opportunity, says Pacific Crest
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11:22 EDTATVIActivision reports Destiny grosses over $325M in first five days
Activision Publishing, a wholly owned subsidiary of Activision Blizzard, announced that its Destiny franchise sold-through more than $325M worldwide in its first five days, citing Chart-Track, first parties, retail customer sell-through information and Activision Blizzard internal estimates. Destiny players logged more than 100M hours of online play by the end of the first week and participated in 137M activities, according to Bungie, the company added.
September 15, 2014
10:35 EDTATVIActivision Blizzard breaks uptrend, levels to watch
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09:53 EDTGMEGameStop intends to exit Spanish market through partial sale of store locations
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09:52 EDTGMEGameStop intends to exit Spanish market through partial sale of store locations
September 12, 2014
08:05 EDTTTWORockstar Games says Grand Theft Auto V to launch Nov. 18 for PS4, Xbox One
Rockstar Games (TTWO) announced that Grand Theft Auto V will arrive on the PlayStation 4 (SNE) computer entertainment system and Xbox One, the all-in-one games and entertainment system from Microsoft (MSFT) on November 18, with the PC version to follow on January 27, 2015.
07:19 EDTEA, GME, TTWO, ATVIConsoles lead video game sales up 8% in August, Bloomberg reports
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05:36 EDTGME, TTWO, EA, ATVIAugust NPD video game software sales fell 21%, says Piper Jaffray
Piper Jaffray says August NPD video game software sales fell 21% year-over-year. The firm continues to expect growth beginning in late 2014 and recommends using any weakness in shares of GameStop (GME), Electronic Arts (EA), Activision Blizzard (ATVI) and Take-Two (TTWO) as a buying opportunity.
September 10, 2014
11:41 EDTATVIActivision view looks conservative after Destiny launch, says Piper Jaffray
Piper Jaffray said the strong launch of Destiny gives the firm confidence in its estimates for the game and the company's results and that Activision Blizzard's fiscal year guidance is looking "increasingly conservative." The firm reiterates its Overweight rating and $27 price target on Activision, which is down about 1% to $23.47 near midday.
11:38 EDTGME, ATVIGameStop achieved high share of Destiny sales, says BofA/Merrill
Activision (ATVI) announced that it sold more than $500M of Destiny on its first day, making it the biggest new video game franchise launch in history. BofA/Merrill believes GameStop (GME) had a very high share of Destiny sales and expects further clarity in the coming months. The analyst continues to believe GameStop is leveraged to momentum in the console cycle and believes competitive threats from full game downloads id overblown. Shares of GameStop are Buy rated with a $56 price target.
10:14 EDTATVIActivision early sales of Destiny above expectations, says RW Baird
RW Baird said Activision Blizzard's initial Destiny wholesale shipments of over $500M exceeded expectations and the firm added that its checks suggest "very healthy" pre-orders to date for Call of Duty: Advanced Warfare. The firm believes there is upside potential for Activision in Q3 and Q4 and reiterate its Outperform rating on the stock.
09:01 EDTATVIActivision says sells over $500M of Destiny worldwide as of day one
Activision Publishing, a wholly owned subsidiary of Activision Blizzard, announced that the company sold more than $500M of Destiny into retail stores and first parties worldwide as of day one, making the game the biggest new video game franchise launch in history.
08:51 EDTGMEGameStop volatility at low end of historic range
GameStop September call option implied volatility is at 31, November is at 33, January is at 36; compared to it 26-week average of 41 according to Track Data, suggesting decreasing price movement.
07:31 EDTGMEGameStop, Alliance Data announce branded private label credit card program
GameStop Corporation (GME) and Alliance Data Systems Corporation (ADS) announced the introduction of a GameStop-branded private label credit card program. Under the terms of the long-term agreement, Alliance Dataís Retail Services business, which manages more than 135 private label and co-brand credit programs, will deliver a customized loyalty-driven private label credit program designed to further enrich GameStopís relationship with its more than 28 million members of the successful PowerUp Rewards loyalty program. The new GameStop PowerUp Rewards Credit Card will provide cardholders with convenience and benefits exclusive to account holders, including being able to make purchases with the card in-store and online, promotional financing for larger purchases, online and mobile platform card management and payment services, as well as no annual fee and exclusive offers for savings throughout the year. Upon the opening of an account, PowerUp Rewards Pro members will receive a one-time award of 15,000 bonus points, and PowerUp Rewards Basic members will receive a one-time award of 5,000 bonus points.
September 8, 2014
06:10 EDTEAPopCap Games founder John Vechey leaves company, Re/code reports
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05:58 EDTGLUUGlu Mobile positioned to meet Q3 estimates, says Piper Jaffray
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September 5, 2014
16:42 EDTGLUUGlu Mobile, Kardashian extend licensing agreement term by additional three years
Glu Mobile and Kimsaprincess, Inc., or KAP, Kim Kardashian Westís corporation, entered into an amendment to their existing license agreement dated November 5, 2013. Pursuant to the amendment, Glu and KAP agreed to extend the term of the KAP license agreement by an additional three years such that the term is now scheduled to end on June 30, 2019. During the term, Glu may elect to develop additional games featuring Kardashian in addition to continuing to develop updates for Gluís existing game, Kim Kardashian Hollywood. Once the term ends, Glu is permitted to continue selling the games it developed during the term during a sell-off period which, pursuant to the amendment, has been extended by six months to a total of 12 months. During the term, Kardashian and her property and marks may not appear in any other game that is playable on a mobile device or any other device on which games are playable. Pursuant to the amendment, KAP has agreed to provide additional property for inclusion in the games, including additional vocal recordings and video clips of Kardashian. Furthermore, KAP has agreed to cause Kardashian to conduct additional marketing and promotional activities in support of the games, including through various social media channels and a launch event for the next major update of Kim Kardashian Hollywood.
10:05 EDTTTWOOn The Fly: Analyst Downgrade Summary
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06:09 EDTTTWOTake-Two downgraded to Neutral from Buy at Sterne Agee
Sterne Agee downgraded Take-Two to Neutral due to valuation.
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