Take-Two shares rise after Rockstar Games releases extended GTA VI preview
Take-Two's (NASDAQ:TTWO) share price increased by 2.3% in pre-market trading following the release of an official, extended look at Grand Theft Auto VI on Netflix on August 27. The showcase reaffirmed a November 19 launch date and came after unauthorized gameplay footage had previously caused shares to fall temporarily reducing Take-Two's market value by $2.83 billion. Rockstar Games addressed the leak as harmful, while Take-Two pursued legal action against Microsoft and Discord in an effort to identify those responsible for leaking the content. Institutional investor Caisse de dépôt et placement du Québec also disclosed a new stake of 369,527 shares on August 27. Despite subdued performance from broader U.S. markets—S&P 500 down 0.04%, Nasdaq at -0.3% and Dow up slightly by 0.1%—Take-Two's stock reached as high as $238.25 in pre-market trading.
Topics: Corporate Response to Leak Gaming Stock Market Reaction