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Updated · MarketWatch · May 8Take-Two Interactive stock slides 1.36% and underperforms competitors
8 articles · Updated · MarketWatch · May 8
- Shares closed at $220.45 as the S&P 500 rose 0.84% to 7,398.93 and the Dow added 0.02% to 49,609.16.
- Take-Two lagged peers including Hasbro, up 0.40%, and Playtika, up 0.83%, while Electronic Arts fell a milder 0.20%.
- The stock finished 16.74% below its 52-week high of $264.79 reached on 15 October, with trading volume of 1.8 million topping its 50-day average.
Take-Two dissolved its AI unit before its biggest launch. Is this a genius move for quality or a major strategic blunder? With a $3.9 billion loss and the CEO selling shares, is betting on Grand Theft Auto VI too big a gamble for investors?