They’re not that stupid, these trading types. Take-Two’s stock has crashed 21 percent on the back of last night’s Q4 financial release, down to $9.56 in extended NASDAQ trading.
The firm said last night that losses had doubled for the three months ending October 31, down to $15 million.
Take-Two Chairman Strauss Zelnick told Reuters the company “witnessed significant softness” in retail sales.
Where’s your EA cash gone, Strauss?
More through the link.