Why Take-Two Interactive Stock Is Sinking Today
Video footage and information about "Grand Theft Auto VI" is leaking ahead of the game's release. Should investors worry?
Overview
Take-Two Interactive (NASDAQ: TTWO) stock is heading lower in today's trading. The company's share price was down 6.6% as of 1:10 p.m. ET. The S&P 500 was down 0.5% at the same point in the daily session, and the Nasdaq Composite was down 0.4%.
Take-Two stock is moving lower today amid leaks surrounding Grand Theft Auto VI (GTA VI) -- by far the most important game in the company's release pipeline. The video game publisher's share price is also under pressure due to macroeconomic concerns about the bond market, inflation, and interest rate outlook.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.