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THIS VIDEO-GAME MAKER IS IN A STRONG UPTREND
Today, we're taking a look at the impressive rise of a popular video-game maker...
Take-Two Interactive Software (TTWO) is a $4 billion company that's best known for its ultra-popular franchises like Grand Theft Auto, NBA 2K, and Civilization. It has even started developing apps for smartphones and tablets.
Just this week, Take-Two announced that Grand Theft Auto V has sold more than 70 million copies since its release, making it one of the most popular video games of all time.
The company also reported impressive earnings, beating analyst estimates. Net revenues rose more than 20% versus the same period of 2015.
As you can see from the chart below, Take-Two shares have been in a strong uptrend for the past few years. After its earnings announcement, shares jumped about 8% yesterday.
They're up around 170% over the last three years, just hitting a fresh multiyear high. And with the launch of several highly anticipated series around the corner – as well as the upcoming holiday season – the uptrend in TTWO shares should continue...
Source: Daily Wealth