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Take-Two Interactive (TTWO) Falls Sharply On Poor Guidance
Friday, December 4, 2009 - 10:44am | 87Shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) have plunged over 30.86% to $7.56 in the morning session after Take-Two warned its fiscal fourth-quarter results will miss expectations as the videogame maker put particular blame on its baseball games. TTWO forecast that it will report a...
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Take Two’s Double Take
Friday, December 4, 2009 - 9:55am | 108Interactive entertainment software and hardware company, Take Two Interactive (NASDAQ: TTWO), lowered its financial outlook again this morning, the second time in so many months. In addition, analysts are coming out of the woodwork to downgrade the stock, which is currently trading for a 33% “...
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Benzinga’s Top Downgrades (TTWO, CMCSA, AKS, NFLX, SWHC, FE)
Friday, December 4, 2009 - 9:50am | 219Take-Two Interactive Software, Inc. (NASDAQ: TTWO) has declined 33% to $7.29 on 4.98 million shares in the morning trading hours after Piper Jaffray downgraded TTWO to Neutral from Overweight. Comcast Corporation (NASDAQ: CMCSA) has gained 0.63% to $16.01 on 52K shares. Today, Credit Suisse...
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Company News for December 04, 2009 - Corporate Summary
Friday, December 4, 2009 - 9:33am | 307• Bank of America (NYSE:BAC) said it raised $19.3 billion through the sale of 1.286 billion common-equivalent shares at $15 each, as it plans to repay government TARP borrowings of $45 billion • Human Genome Sciences (NASDAQ:HGSI) announced it priced a planned offering of 15.5 million common shares...
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Bookkeeping: Expanding Perfect World (PWRD) Position
Tuesday, December 1, 2009 - 2:53pm | 648So close... S&P 1112... almost there. As I await the breakout in the 3:30 PM half-hour which should lead to cries of joy on CNBC I am going to re-expand our position in Perfect World (PWRD). After a lot of success with this name 3-6 months ago, the only thing that has been perfect about the...
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Fast Money Gang Holiday Toy Trades (HAS, DIS, ATVI, AAPL)
Thursday, November 26, 2009 - 1:29pm | 150CNBC's Fast Money Crew talked about hot toy trades. Guy Adami likes Hasbro (NYSE: HAS). The stock was trading at $29.91 in January and on Wednesday it closed at $29.59 forming something like a double top. He thinks that Hasbro (HAS) should be bought above $30 with a stop at $29.60. Joe Terranova...
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ATVI Shares Continue to be Undervalued: Argus
Tuesday, November 24, 2009 - 1:30pm | 140Analyst Joseph Bonner of Argus reiterated his “buy” rating for Activision Blizzard Inc (NASDAQ: ATVI). The target price is set to $18. According to Argus, the adverse affect of weak consumer spending is much more on ATVI's lower-tier games than the top-selling titles. With ATVI owning a large...
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Bookkeeping: Cutting Back Perfect World (PWRD) on Break of Support
Friday, November 20, 2009 - 11:08am | 503Speaking of a narrowing of the market, about 4 weeks ago many of our positions began breaking below key moving averages ... we mechanically began culling them and moving into cash. Then within a week the large caps broke down (just for a week mind you) and the S&P 500 broke the 50 day moving...
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Fast Money Guys Like ATVI, GME, PWRD In The Video Game Industry
Wednesday, November 18, 2009 - 7:09pm | 132CNBC's Fast Money Guy Adami thinks Activision Blizzard, Inc. (NASDAQ: ATVI) is a buy. He likes its valuations and believes they have more licensing than their rival ETRS. Activision (ATVI) gained 1.54% today as company announced that its popular video game "Call of Duty IV" made $550 millions in...
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Minyanville.: Our Economy is on Steroids
Wednesday, November 18, 2009 - 11:01am | 3159Below is a guest post, reprinted with permission of author Vitaliy Katsenelson who writes often at Minyanville.com. I don't have as much time to read the site as I used to, but he is definitely one of the more thought provoking writers at the site. If you are new to FMMF, I wanted to bring over...
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Benzinga’s Top Pre- Market Losers (CADC, TIBX, PARD, HGSI, SHPGY, ATVI)
Monday, November 16, 2009 - 9:00am | 201China Advanced Const. Mat. Grp Inc (OTC: CADC) plunged 23.20% to $5 in the pre-market session. The 52 week trading range for CADC is $1.01 -$8.50. So far this fiscal, CADC gained 5%. In the last trading session, China Advanced Const. Mat. Grp Inc (OTC: CADC) closed at $6.51. Tibco Software Inc. (...
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Perfect World (PWRD) Beats Solidly on Earnings, Offers Soft Guidance
Monday, November 16, 2009 - 9:00am | 1110Chinese video game maker Perfect World (PWRD) reported a typical quarter; beating estimates in the current quarter and offering lowball estimates for the following quarter. Stock is volatile in premarket, but as long as $42 is held we should be ok. Full report here. A quick glance at some of...
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Perfect World (PWRD) Announces Recent Business Developments
Friday, November 13, 2009 - 5:49am | 76Perfect World Co., Ltd. (Nasdaq: PWRD)a leading online game developer and operator based in China, announced its recent business developments as of November 13, 2009. In October 2009, Perfect World signed an agreement with VinaGame Software Service Joint Stock Company ("VinaGame") to license "...
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Company News for November 10, 2009 - Corporate Summary
Tuesday, November 10, 2009 - 9:31am | 375• Priceline.com (NASDAQ:PCLN) reported adjusted third quarter earnings of $3.45 a share, 55 cents above consensus estimates, on better-than-expected revenues of $730.7 million, ahead of estimates of $$693.97 million on strong summer season travel. The firm provided fourth quarter guidance at about...
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Goldman Sachs Prefers Shanda Games To Shanda Interactive
Monday, November 9, 2009 - 4:25pm | 169According to an unconfirmed Sina.com (Nasdaq: SINA) article, Shanda Interactive (Nasdaq: SNDA) may spend up to $100 million to set up an entertainment firm with Hunan Broadcasting Group Goldman Sachs said investment in entertainment and content production would fit with Shanda’s strategy of...