2 Game Stocks Bounce
Could Electronic Arts (EA) really be up for sale? Its a big whatever but gamers are spending more time is cyberspace. Thanks to buyout rumors and positive gaming news its helping Take-Two (TTWO) as well.
Take-Two has been on the buyout watch before, recall the $26 per share offer by EA back in 2008. Take-Two could have sold out for $2 billion, today the company is worth less than half that with a market cap of $880 million. Take-Two (TTWO) shares are up 4% and trading at $9.80. Its possible Take-Two could break the $9 level as we discussed in June in Nine Dollar Stocks for Sale (TTWO, F, ERIC, MGM). EA is the subject of interest today, its just a rumor but Jon Ogg breaks down the details at DailyFinance.
Cowen's and Co. analyst Doug Creutz, in a report published on Tuesday, says: "Total social gaming DAU (daily active users) grew in July after three months of significant declines." That's great news for EA, TTWO but not for the crappiest online gaming stock of them all -- Zynga (ZNGA).
ZNGA shares are down 4% to $2.93 today. That makes a 70% decline for ZNGA since the IPO last December. Its difficult to get excited about investing in Farmville which is why the stock keeps struggling.
Game Stocks on the Move
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Long the Fat Man | iBankCoin.com
- A Net Assessment of the World | Financial Sense
- Guest Post: 10 Images That Suggest America Is Becoming A Lot Like Nazi Germany | ZeroHedge
- This Is How The Clowns At The DEA Screen For Drug Dealers On Amtrak | ZeroHedge
- Behind The Scenes In FX Trading: What Is Really Going On | ZeroHedge
- And The Market Breaks (As VIX Hits 2015 Lows) | ZeroHedge
- Dollar Bulls Regain the Whip Hand | ZeroHedge
The most relevant financial news and articles from the Internets
- Blast hits Shiite mosque in eastern Saudi | Business Insider
- Startups are crushing the big banks by using... | Business Insider
- 'Daredevil' is the top-rated show on Netflix, and these highlights... | Business Insider
- How former NFL star Tiki Barber hires at his startup | Business Insider
- A Shake Shack restaurant is worth a ridiculous amount of money | Business Insider
- Oil rig count falls for 24th straight week (USO, WTI, OIL, VDE) | Business Insider
- Champions Bayern sign off with win over Mainz | Business Insider