New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 31, 2013
12:19 EDTGME, TTWOTake-Two slumps after delaying release of Grand Theft Auto V
Take-Two Interactive Software (TTWO) is tumbling after the video game maker announced that its Grand Theft Auto V video game would not be available to consumers until September 17. The game was originally supposed to be launched in Spring 2013. The company said it decided to delay the release in order to develop the game further. In a note to investors earlier today, Piper Jaffray analyst Michael Olson wrote that the delay should not have "an overly material impact on demand" for the game. No other major games are slated to be released in September, so Grand Theft Auto will have little or no direct competition during the month of its launch, according to Olson. Furthermore, the back to school shopping period should increase the buzz around Grand Theft Auto, the analyst wrote. The September launch also leaves the game better positioned to benefit from holiday sales, added Olson, who recommended that investors buy the stock on weakness today. In early afternoon trading, Take-Two sank 98c, or 7.50%, to $12.08. Meanwhile, video game retailer GameStop (GME) fell 78c, or 3.30%, to $22.86.
News For TTWO;GME From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
June 26, 2015
10:00 EDTTTWOOn The Fly: Analyst Initiation Summary
Subscribe for More Information
June 25, 2015
16:53 EDTTTWOTake-Two initiated with a Buy at Mizuho
Subscribe for More Information
June 24, 2015
15:53 EDTGMESunTrust identifies the most likely M&A activity in specialty retail
Subscribe for More Information
11:11 EDTGMEAnalyst says Best Buy shares poised to rise
Best Buy's (BBY) stock is poised to advance after the company reports its second quarter results, research firm B. Riley predicted. WHAT'S NEW: Best Buy's forecast for increased margins in the second half of the year, along with easing comparisons, should cause the stock to rise, predicted B. Riley in a note to investors earlier today. The shares will be particularly well-positioned to climb after the company updates its guidance following its Q2 results, the firm believes. Best Buy's initiatives should help increase its revenue and profits heading into fiscal 2017 and the retailer can continues to increase its market share at the expense of Sears (SHLD), RadioShack and others. Additionally, macro economic trends remain favorable for Best Buy and its key product categories continue to perform well, according to B. Riley. The firm, which is particularly confident about the company's ability to beat Q4 consensus estimates, keeps a $47 price target on the name and reiterates a Buy rating on the shares. WHAT'S NOTABLE: In their own note to investors this morning, SunTrust analysts David Magee and D. Mitch Van Zelfden speculated on potential M&A activity in the specialty retail space, noting that "Wall Streetís appetite for acquisitions has strengthened recently." In their opinion, Best Buy acquiring GameStop (GME) is among the "most compelling relationships" in the sector, the note explained. PRICE ACTION: In mid-morning trading, Best Buy slid 0.4% to $34.72, while GameStop rose 1.3% to $44.92.
10:36 EDTGME, TTWOElectronic Arts advances after analysts positive on E3 showing
Subscribe for More Information
10:00 EDTTTWOOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:10 EDTTTWOTake-Two upgraded to Buy with $35 target at Jefferies
Subscribe for More Information
06:44 EDTTTWOTake-Two upgraded to Buy from Hold at Jefferies
Price target $35.
June 23, 2015
17:20 EDTGMEGameStop backs FY15 EPS view $3.63-$3.83, consensus $3.87
Backs FY15 revenue growth view on negative 1% to 4%. Full year comparable store sales are still expected to range from +1.0% to +6.0%.
17:16 EDTGMEGameStop backs Q2 EPS view 21c-25c, consensus 24c
Backs Q2 revenue growth view of negative 3% to flat; Backs Q2 SSS view of range from flat to +3.0%. Guidance from company slides presentation.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use