Published on 7 Jan 2024 on Motley Fool via Yahoo Finance
5 Things to Know About Take-Two Interactive Stock
The video game industry generated an estimated $212 billion in 2023 and with a base of 3.2 billion players, this business is only expected to grow over the coming years. As for investing in the industry, one stock, Take-Two Interactive Software (NASDAQ: TTWO), has been on a tear over the past year with a 50% price appreciation.
The video game publisher has undergone a seismic change over the past couple of years and owns fan-favorite franchises like 2K, Grand Theft Auto, and Red Dead. With Take-Two's recent meteoric rise, prospective investors should know these five things before deciding whether to buy, sell, or hold.
1. Take-Two Acquired Zynga in 2022