Thu, Jan 31, 2013 | 15:55 GMT
GTA 5 delay causes stock in Take Two to fumble
In the wake of news that GTA 5 has been delayed from spring into September, the market freaked out a bit, causing stock in Take-Two to fall 7.96%. The market fluctuates, however, and now stock in the firm is only down by 6.47% – so expect it to change again soon. When NASDAQ opened, stock in the firm was trading at $12.99, and now its down to $12.23. Market Watch also reports that shares in GameStop took a tumble with the news as well, falling by 1.7%.
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Posted in: Action, PS3, Rockstar, Take-Two, Trade, Xbox 360
Tags: GTA 5, Rockstar, take-two shares
4 comments
#1
xXNapsterManXx
31/01/13, 5:01 pm
I don’t understand the stock market sometimes, Hear say and small things like a game being delayed to make it better send stock prices into a tizzy
#2
Samoan Spider
31/01/13, 5:25 pm
But if you had money tied up in that and you were only in it for the short term as a lot of traders are, then you will react fast and move into something else for the gain. They care little for the company that they are moving from, it was a means to an end. It will bounce though, it always does, because the longer term traders will see this as an opportunity to buy.
#3
Cobra951
31/01/13, 5:25 pm
@1: An Iranian diplomat shaking his fist at a Saudi diplomat can send gas prices soaring. Why are you so surprised? It’s all speculative.
#4
ActionGameKing
31/01/13, 8:24 pm
Props to Rockstar for being the perfectionists they are and refusing to ship their vision until it’s ready.