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Stock Market & Financial Investment News

News Breaks
March 14, 2014
11:07 EDTEA, GME, ATVI, TTWOVideo game makers, GameStop climb after NPD sales data
Shares of a number of video game makers are climbing after data indicated that U.S. video game sales were stronger than expected last month. WHAT'S NEW: Research firm NPD found that video game sales dropped 9% last month, versus the same period a year earlier, Piper Jaffray analyst Michael Olson reported in a note to investors earlier today. Olson had expected software sales to tumble 29% last month, he stated. Take-Two Interactive (TTW) stood out as sales of its video games jumped 44% last month, while Electronic Arts (EA) and Activision Blizzard (ATVI) trailed with declines of 45% and 33% respectively, NPD reported. Olson remains confident that the video game sector will start growing during the next holiday shopping season as more players update to the next generation of hardware consoles. Video game retailer GameStop (GME) should also get a boost from the holiday season, wrote Olson, who kept Overweight ratings on all the stocks named in this note. PRICE ACTION: In late morning trading, Electronic Arts rose 1.5% to $30.14, Take-Two Interactive climbed 1.8% to $21.25, Activision Blizzard added 1.2% to $21.10, and GameStop jumped 4% to $38.65.
News For ATVI;EA;TTWO;GME From The Last 14 Days
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December 19, 2014
07:42 EDTATVIEPAM, WisdomTree added to Franchise Pick list at Jefferies
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December 18, 2014
10:00 EDTGME, ATVIGameStop offers holiday deals on Call of Duty, Xbox One, Gamespot reports
GameStop announced yesterday a number of deals on games and hardware, including Activision's (ATVI) Call of Duty: Advanced Warfare being offered for $40 and a $50 gift card being offered with all new Xbox One (MSFT) purchases, reported video game blog Gamespot. Reference Link
December 16, 2014
09:01 EDTEAElectronic Arts price target raised to $54 from $45 at Sterne Agee
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December 14, 2014
17:21 EDTEANasdaq announces annual re-ranking of the NASDAQ-100
The NASDAQ OMX Group (NDAQ) announced the results of the annual re-ranking of the NASDAQ-100 (NDX), which will become effective prior to market open on Monday, December 22. The following three companies will be added to the Index: American Airlines Group (AAL), Electronic Arts (EA) and Lam Research (LRCX). As a result of the revision in the index methodology allowing multiple share classes of index participants to be included in the index, the following three securities will also be added to the index: Comcast Corporation Class A Special (CMCSK), Twenty-First Century Fox Class B (FOX) and Liberty Global plc Class C (LBTYK). As a result of the re-ranking, the following three companies will be removed from the Index: Expedia (EXPE), F5 Networks (FFIV) and Maxim Integrated Products (MXIM).
December 12, 2014
08:12 EDTATVIActivision says COD: Advance Warfare and Destiny are top two U.S. console games
Activision Publishing, a wholly owned subsidiary of Activision Blizzard, announced it has delivered the top two selling console retail releases of the year to date overall in the U.S., as well as the #1 kids video game franchise of 2014, based on retail sell-through, according to the NPD Group, through November. Call of Duty: Advanced Warfare is the #1 top-selling console game of the year through November in the U.S. overall, as well as individually on Xbox One, PlayStation 4, Xbox 360 and PlayStation3. Destiny is the #2 top-selling console game among all titles in the U.S. in 2014 through November and Skylanders is the #1 kids video game franchise of the year through November in the U.S., based on retail sell-through including toys and accessories.
05:38 EDTGME, TTWO, EA, ATVINovember NPD video game software sales fell 2%, says Piper Jaffray
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December 11, 2014
19:50 EDTGME, EA, TTWO, ATVINovember new video game sales up 14% from last year, Game Informer says
November sales of newly launched video games rose 14% from the same period last year, but overall software sales were down 2%, according to Game Informer, citing NPD data. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Reference Link
December 9, 2014
10:36 EDTTTWOTake-Two CEO says Black Friday was good for industry, no need for discounting
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07:22 EDTTTWOBMO Capital to hold a conference
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