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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
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December 18, 2014
10:00 EDTGMEGameStop 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 12, 2014
05:38 EDTGME, TTWONovember NPD video game software sales fell 2%, says Piper Jaffray
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December 11, 2014
19:50 EDTGME, TTWONovember 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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