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Stock Market & Financial Investment News

News Breaks
January 31, 2013
12:19 EDTTTWO, GMETake-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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October 24, 2014
12:30 EDTGMEGameStop November calls active
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October 17, 2014
09:00 EDTGMEGameStop management to meet with SunTrust
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05:39 EDTGME, TTWOSeptember NPD video game software sales fell 36%, says Piper Jaffray
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October 15, 2014
10:11 EDTGMEGameStop expands layaway program for 2014 holiday season
GameStop announced that it will expand its 2014 holiday layaway program to include more products. In addition, through its new PowerUp Rewards credit card, GameStop is offering special financing. For a limited time, PowerUp Rewards Pro credit cardholders will receive zero percent interest on purchases of $500 or more for six months, GameStop announced.
09:40 EDTGMEGameStop upgraded to Neutral from Underperform at Hilliard Lyons

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