Take-Two stock up 60%
Despite its litigation issues and state woes , not to mention earlier reports of stock problems, it looks like publisher Take-Two (Grand Theft Auto series) stock is doing just fine.
MarketWatch is reporting that since a 52-week low at $9.06 in July, Take-Two stock is now trading at $14.35. This comes despite the news of a Securities and Exchange Commission probe into stock-option-grant practices. Activision and Electronic Arts are part of the same investigation, along with about 100 other companies. Take-Two is also currently dealing with a stack of grand jury subpoenas regarding compensation issues and "Hot Coffee."
Despite all of the issues, Take-Two shareholders are riding that bull as far as it'll take them.
