Take-Two Interactive Software (TTWO) has risen sharply, recording gains of 2.2% in the past 4 weeks. However, the stock has corrected -0.07% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.16% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.78% and the 50-Day Moving Average is 5.23%. Take-Two Interactive Software (NASDAQ:TTWO): On Fridays trading session , Opening price of the stock was $41.41 with an intraday high of $41.41. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $40.9001. However, the stock managed to close at $41.34, a loss of 0.24% for the day. On the previous day, the stock had closed at $41.44. The total traded volume of the day was 919,292 shares.
The company Insiders own 2.5% of Take-Two Interactive Software shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.1% . During last six month period, the net percent change held by insiders has seen a change of -19.8%. Also, Brokerage firm Jefferies maintains its rating on Take-Two Interactive Software (NASDAQ:TTWO). As per the latest information, the brokerage house raises the price target to $48 per share from a prior target of $45. The shares have been rated Buy. The rating by the firm was issued on August 9, 2016.
Take-Two Interactive Software, Inc. is a developer, publisher and marketer of interactive entertainment. The Company develops and publishes products through its two wholly owned labels Rockstar Games and 2K. The Company has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world. The Companys products are designed for console gaming systems, such as Sonys PlayStation 3 and PlayStation 4, Microsofts Xbox 360 and Xbox One, and personal computers, including Smartphones and tablets. Rockstar Games is the developer and publisher of Grand Theft Auto, as well as other franchises, including L.A. Noire, Max Payne, Midnight Club and Red Dead. The Companys 2K publishes owned and licensed titles across a range of genres, including shooter, action, role-playing, strategy, sports and family/casual.