GTA 5 Delay Causes Take Two Stock Drop
After Grand Theft Auto 5 was delayed from Spring to September 17, 2013, Take-Two Interactive’s stock dropped 7.96%.
When NASDAQ opened today, the firms’ stock was trading at $12.99; at the time of this writing, it sits at $12.07, down 7.58%. Market Watch also reports that shares in GameStop dropped by 1.7% following the news.
Yesterday, Wedbush Morgan analyst Michael Pachter predicted that the GTA V release date would be announced next week, and that the game would be released in May of this year.
In the meantime, make sure you’ve seen these GTA 5 screenshots featuring sharks and submarines, which are hopefully more than just cutscene fodder.