zddgame
/
Gaming News
/
Investor Snapshot: After the sizzle, game stocks slumber
Investor Snapshot: After the sizzle, game stocks slumber-April 2024
Apr 23, 2025 11:32 AM

  Not even news of a street date for the Sony PSP could turn the tide today; after several positive sessions, game stocks reflected today's downturn in the larger market. Wall Street slumped Thursday following Amazon.com's disappointing Q4 earnings report and in anticipation of tomorrow's US employment report for January. Even THQ (THQI), whose stock soared yesterday, saw only a modest gain of 58 cents today, up 2.15 percent to $27.54.

  The rest of the game industry was down, though most by less than 50 cents each. Jamdat (JMDT), a big earner last week, closed 5.20 percent lower, down $1.15 a share at $20.97. Vivendi Universal (V) shares lost 54 cents apiece to close at $31.81, 1.67 percent lower. Electronic Arts (ERTS) shed 50 cents a share, closing .85 percent lower at an even $65.

  Game retailers Electronics Boutique (ELBO) and Gamestop (GME) both closed lower. EB lost 23 cents a share, down .61 percent to $37.17. Gamestop stocks dropped by 43 cents a share, closing the day 2.15 percent lower at $19.61.

  Take-Two Interactive (TTWO) was down a cool penny for the day, closing at $36.95 after news that it's teaming up with Bethesda Softworks to copublish The Elder Scrolls IV: Oblivion and Call of Cthulhu: Dark Corners of the Earth. Shares in Activision (ATVI), Eidos (EIDSY), Konami (KNM), and Midway (MWY) all dropped less than a quarter apiece.

Comments
Welcome to zddgame comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Copyright 2023-2025 - www.zddgame.com All Rights Reserved