Firstly this is not a technical analysis chart. This is simply my thoughts on TTWO stock
As many people know TTWO owns two big videogame publishing labels, Rockstar Games and 2K.
There are some news about Rockstar games upcoming game GTA 6. Series last videogame was published over 10 years ago and is still one of the most played games in the world.
We all know how hype and expectations can affect a stock. First example to this is CD Projekt SA (WSE: CDR) . This company was developer to a similar genre game named Cyberpunk 2077 which got major attention till release. You can see how stock was affected between trailers release and games release.
Lets look at this chart now. at November 8 . Rockstar Games announced that trailer will be released in december. stock price got pumped over %20 to this date.
And today December 1 they officially announced a trailer release date which is December 5.
If simply a trailer announcement got this much attention I suspect that if the actual trailer get peoples attention it will generate more interest in the stock.
You can see how much money Rockstar games made in past and project how much Revenue the new release will generate.
Also there are rumors that 2k will be responsible for development of new Fifa games from now on since EA and FIFA parted ways this year.
TTWO is a rising company and has promising projects / rumors for future.
Not financial analysis - just notes to myself
As many people know TTWO owns two big videogame publishing labels, Rockstar Games and 2K.
There are some news about Rockstar games upcoming game GTA 6. Series last videogame was published over 10 years ago and is still one of the most played games in the world.
We all know how hype and expectations can affect a stock. First example to this is CD Projekt SA (WSE: CDR) . This company was developer to a similar genre game named Cyberpunk 2077 which got major attention till release. You can see how stock was affected between trailers release and games release.
Lets look at this chart now. at November 8 . Rockstar Games announced that trailer will be released in december. stock price got pumped over %20 to this date.
And today December 1 they officially announced a trailer release date which is December 5.
If simply a trailer announcement got this much attention I suspect that if the actual trailer get peoples attention it will generate more interest in the stock.
You can see how much money Rockstar games made in past and project how much Revenue the new release will generate.
Also there are rumors that 2k will be responsible for development of new Fifa games from now on since EA and FIFA parted ways this year.
TTWO is a rising company and has promising projects / rumors for future.
Not financial analysis - just notes to myself