Tag Archives: shares

According to this, Ubisoft’s shares rose 12 percent to €54.98 on the news it had bought all rights to the Tom Clancy brand last week. Before the spike, shares in the French firm had slid 29 percent this year.

Ubisoft is thought to have paid in the region of €60 million for the IP, and now owns all rights to publish books, games, movies and merchandise related to the franchise.

President Yves Guillemot also confirmed that the publisher is to start work on a Clancy-based MMO in the wake of the deal.

According to this, THQ boss Brian Farrell has exercised options on 73,556 shares then sold 52,837 at between $19.40 apiece to $19.69 apiece on Monday. The optioned the stock at $7.89 a pop.

The information came from an SEC report filed yesterday.

Take 2′s stock has risen 4.9 percent to $16.51 today after analyst Eric Handler upgraded the company’s shares to “equal weight” from “underweight,” and boosted his target price to $19 from $17.

Handler’s move came after the publisher announced the release date of April 29 for GTA IV last week. He said earlier today that he thought the fourth instalment in the crime series could sell 6 million units in six months, adding $1.25 profit per share.

US analyst Eric Handler has upgraded Take 2 from “underweight” to “equal weight” on the news that GTA IV will hit on April 29, and has raised his price target for the stock to $19, up $2. Shares in the company rose 3.2 percent in pre-market trading today, up 50 cents from Monday’s closing price of $15.75.

Handler said the release date announcement was a “major plus” for the company and predicted sales of over 6 million units in the first six months, equatable to $1.25 per share profit.

“The recent successes of ‘Bioshock’ and ‘Carnival Games’ demonstrate Take-Two is beginning to see improving results from its studios other than Rock Star,” he said.

That strengthy yen’s starting to have real impact, reuters reports, kicking Nintendo’s shares down 10 percent today, despite massive earnings in the past 12 months and gleeful prospects for Wii and DS in the coming fiscal year.

Institutional investors cashing in chips in the face of the rising Japanese currency is to blame for the drop, said the news service, quoting analysts.

“This has little to do with the company itself, but a lot to do with market sentiment,” said Mizuho Asset Management fund manager Yoshihisa Okamoto. “In the current market environment, investors rush to sell at the first sign of negative developments or exhaustion of positive news.”

Despite a consistent slide in the past three months – during which the stock has lost a third of its value – Nintendo is still favoured to provide heavy returns in the mid-term. Wade through the Reuters report for more.