Take-Two Interactive Software, Inc. TTWO shares are trading higher by $3.50 (8 percent) at $48.30 in Thursday's session. The catalyst for the rally to a new all-time-high ($49.99) is a Q3 EPS beat of $0.16 along with a $18 million beat for sales. The Street seems to be ignoring the lower guidance.
Following a higher open, way above its former all-time-high ($46.78), it continued in that direction until it found sellers at $49.99 and reversed course. The ensuing decline didn't come close to the upper-end of Wednesday's range ($45.15), only reaching $47.17 and has rebounded into the $48 handle.
Over the past hour (10:15 a.m. -11:15 a.m.), it has been consolidating in a dollar range between $47.83 and $48.63.
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