Take-Two soars on 'BioShock' debut
EmptyShares of Take-Two Interactive Software Inc. surged 8.6% on Tuesday amid a strong debut for the video game publisher's shooting game "BioShock."
"This could be a huge profit generator for them," said Mike Hickey, an analyst with Janco Partners. Take-Two shares have been hammered by accounting scandals and product hitches, including the delay of "Grand Theft Auto IV," the latest installment of its key franchise that has been one of the best-selling games of all time.
Shares rose as high as $15 before closing at $14.55 on Tuesday. They have traded in the $10.88-$24.80 range in the past 52 weeks. Tuesday's jump led the gainers on The Hollywood Reporter's Showbiz 50 stock index.