Take-Two Interactive (NASDAQ: TTWO) stock began the Tuesday, May 6 session with uncertainty rapidly changing direction within minutes as Rockstar Games – one of its subsidiaries – released the second trailer for the upcoming Grand Theft Auto VI (GTA 6).
Shares in video game giant Take-Two Interactive Software, Inc. (Nasdaq: TTWO) are plummeting in early morning trading today after the company's subsidiary, Rockstar Games, announced that it is delaying the release of its next flagship title, Grand Theft Auto VI, from fall 2025 until May 2026. Here's what you need to know about the delay and how investors are reacting.
Take-Two stock fell after Rockstar Games announced 'Grand Theft Auto 6' would be delayed until 2026. 'Grand Theft Auto 6' is perhaps one of the most highly anticipated games of all time.
Shares of the videogame maker fell after Take-Two said the hotly anticipated Grand Theft Auto VI will now drop on May 26 of next year, rather than this coming fall as previously announced.
Grand Theft Auto VI, the most hotly anticipated title in gaming history, has been delayed.
Videogame maker Rockstar Games announced Friday that it was delaying the release of its much-anticipated Grand Theft Auto VI until May 2026, saying it wanted to ensure that the game met the high standards for quality that gaming buffs expect.
Take-Two Interactive's (NASDAQ: TTWO) stock crashed 10.91% in the pre-market on Friday, May 2, after the announcement that the next installment in one of gaming's biggest franchises, Grand Theft Auto 6, will be delayed to May 2026.
In the closing of the recent trading day, Take-Two Interactive (TTWO) stood at $233.32, denoting a +1.13% change from the preceding trading day.
The latest trading day saw Take-Two Interactive (TTWO) settling at $213.30, representing a +1.59% change from its previous close.
Take-Two Interactive Software, Inc. NASDAQ: TTWO is gaining investor attention due to its strong market performance and impressive portfolio, positioning it as a "top defensive play" in the entertainment sector. As of late April 2025, Take-Two's stock has seen a one-year gain of over 50%, showcasing its resilience during a time of broader market fluctuations.
TTWO shares are riding on upcoming game releases, but challenges within the mobile segment suggest investors should hold the stock for now.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?