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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.