Take-Two Share Value falls after Red Dead Redemption 2 delay
This afternoon, Rockstar Games disappointed thousands of fans by announcing that Red Dead Redemption 2 will not arrive this year as planned. This news not only bittered the afternoon of the gamers community, but also had a strong impact on the actions of Take-Two, company owner of Rockstar.
Take-Two’s shares were worth $69.04 USD just after the market closed. However, the announcement caused them to fall almost 9% outside business hours, so at the time of writing this note those are at $63.00 USD.
The announcement of the delay occurred at 4 PM ET; That is, 5 minutes after the stock market closed. As you can see from the image that we have presented above, the actions began to collapse 10 minutes after the announcement, and almost an hour later they reached their lowest point.
Bear in mind that this fall is not as significant, and that Take-Two shares remain at a higher value than they had at the end of April. Also, in the last few hours they have managed to recover a little.
That said, today is shaping up to be an interesting day for Take-Two, since it will be the presentation of their most recent financial report. So, we will be watching to see if the company makes a comment about the delay of Red Dead Redemption 2 and the impact that it will have.
Fortunately, not everything in life is bad, and Rockstar Games softened the news of the delay with a series of catches of Red Dead Redemption 2, have you seen them yet?
Red Dead Redemption 2 will arrive sometime from the spring of 2018 to PlayStation 4 and Xbox One.