Take-Two stock up 60%

by Alexander Sliwinski { Sep 28th 2006 at 2:55PM }

Despite its litigation issues and state woes , not to mention earlier reports of stock problems, it looks like publisher Take-Two (Grand Theft Auto series) stock is doing just fine.

MarketWatch is reporting that since a 52-week low at $9.06 in July, Take-Two stock is now trading at $14.35. This comes despite the news of a Securities and Exchange Commission probe into stock-option-grant practices. Activision and Electronic Arts are part of the same investigation, along with about 100 other companies. Take-Two is also currently dealing with a stack of grand jury subpoenas regarding compensation issues and "Hot Coffee."

Despite all of the issues, Take-Two shareholders are riding that bull as far as it'll take them.

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Reader Comments (Page 1 of 1)

Komrade Kayce @ Sep 28th 2006 2:59PM

This does not bode well for Jack Thompson. Its going to be awful hard for him to convince people hes 'winning' when his opponent appears to be doing just fine despite all his blustering and political manuvering.

Hannah @ Sep 28th 2006 3:12PM

Komrade Kayce: You forget -- Jack Thompson has Take-Two stock.

IanC @ Sep 28th 2006 3:27PM

Jack will be happy, the hypocrite.

Kincyr @ Sep 28th 2006 3:35PM

for those who will say JT only got stock to attend shareholder meetings remember this: you only need one share to attend, JT has 100 shares

Dr Pill @ Sep 28th 2006 3:37PM

Mildly off topic: I recongize the ride in that picture! That's Flight of Fear at either Paramount's King's Island or Parmount's King's Dominion. They replaced the over the shoulder restraints with lapbars a few years ago, though. [/coaster nerd]

pandlcg @ Sep 28th 2006 3:50PM

Can you even buy one share of stock that trades on the NASDAQ? I'm pretty sure you have to buy in 100 share increments.

Xavier @ Sep 28th 2006 3:52PM

Thank god. I'd hate to see the publisher of Civ 4, Oblivion, 2K sports series, Rockstar and a ton of other great titles go down. TakeTwo is our hope of a publishing house that can rival the always uber-evil EA. Gamers should support them.

Jeffers @ Sep 30th 2006 7:13AM

pandlcg - Sure you can purchase smaller amounts. You might be thinking of option contracts which are usually in increments of 100 shares though...

Michael @ Sep 28th 2006 4:12PM

Flight of Fear was one of the most painful rides ever back when they had those restraints. Ugh. I assume it's on par with having to listen to Jack Thompson.

Mr. Robert @ Sep 28th 2006 4:30PM

yes you can buy just one share. only with options do you buy in 100 lots.

Daniel Beruvides @ Sep 28th 2006 4:20PM

No you can buy odd lots (less than 100)of any stock regardless of the exchange its trade on. That 100 share increment rule was abolished about 20 years ago with the introduction of on-line trading and the average Joe individual investor getting in on the game

Jeff @ Sep 28th 2006 5:37PM

Of course, we should all remember that Take 2's stock *was* at 29 a couple of years ago - meaning over the long term, it's still down more than 50%.

It's also down 30% or so from its 52 week high. So let's not celebrate yet. The trend line remains down.

Tharglet @ Sep 28th 2006 6:18PM

And what a surprise the stock's back up, or partway there. News has a short lifespan. The next disaster/war/annoyance in the news kills off old news.
And the ppl who are suing Take 2 for Hot Coffee need their brains sorting out. Either that or putting them in the game and have someone steal their car at gunpoint. Or be a tradgedy of a street race or something.
All of it is an adult game dammit!