Take-Two Interactive Software has seen a mix of performance reactions in recent times. The company's stocks have seen decent returns of 40% over the past five years. Various major banking and investment corporations, such as M&T BankCorp, Russell Investments Group, and Charles Schwab Investment Management, have notably increased their hold on shares. The company missed views with its outlook but managed to beat both Q3 and Q4 2024 earnings and revenue estimates. Take-Two released mixed fiscal Q3 2024 results with strategic initiatives, which caused the market reaction to underperform. They have announced a staff cut of 5%, which is part of their cost reduction plan. Madison Mid Cap Fund sold their shares in the company while Take-Two acquired Gearbox Entertainment Company. They also released their third-quarter results which received analyst updates. With the recent news of Take-Two cutting down 5% of its staff and scrapping some projects, doubts are cast on the future value of the stock. The potential delay of 'Grand Theft Auto VI' negatively impacted stocks, but an analyst believes Take-Two Interactive's stock can soar 30% higher.
Take-Two Interactive Software TTWO News Analytics from Fri, 22 Sep 2023 07:00:00 GMT to Sun, 12 May 2024 20:43:21 GMT -
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- Innovation 5
- Information 6
- Rumor -4
