GTA 6 parent company has reached an all-time high, which is probably why

Shares of Take-Two, a parent of the Big Theft Automobile, soared this week after the company's latest February 6 earnings report. Why is the stock price soaring? It is often difficult to know what makes the stock price move to the market, but this time there are some strong signals that might lead to what it can lead to.

Starting with the numbers, Take-Two’s share price is currently trading above $210 per share, about $35 higher than when the market closed Thursday. This is a huge gain in the day, and it increases the highest value of Take-Take Two's stock price in the company's history.

Take-Two’s previous high price of $210 per share was in the midst of the 2021 pandemic, when many entertainment companies made huge gains due to full-time orders. For historical comparisons, when GTA V was released in September 2013, Take-Two shares traded at about $17 per share. Anyone who bought or earlier and still held Take-Two shares was doing well.

Take-Two made several major announcements on Thursday. First, management confirms Big Theft Automatic VI remains It is expected to be released in the fall of 2025, although management says delays cannot be ruled out in the future. Perhaps the most famous news that could lead to stock price growth is that Take-Two significantly beat Wall Street’s earnings expectations, and investors seem to have reacted positively to it.

Take-Two lost 71 cents per share in the latest quarter, with a total net loss of $125.2 million during the period. but Analysts expect Take-Two to lose about 90 cents per sharemeans Take-Two's performance, and in the overall red during this period, it is far better than many people's expectations. Coupled with the announcement that GTA 6 stays on track, it may help explain why break-even stocks are exploding. But, as always, there is never any clear answer to why stocks move in a particular direction.

Every Rockstar game released in the past decade Delayed beyond the date it was originally announcedso some continue to believe that the GTA 6 may be pushed into 2026. Some people think that GTA 6 has actually been postponed, but is only given internally Reports of missing deadlines. Only time will determine if the GTA 6 appears on time, so keep checking with GamesPot for more information.

Responding to the long waiting time for GTA 6, Take-Two boss Strauss Zelnick said: “We know Rockstar seeks perfection. I never succeed before I succeed.” He added: “I like to say that arrogance is the enemy of continuous success, so we Everyone was scared and looking at our shoulders, we knew the competition wasn't sleeping. Our entire organization was very excited.”

The GTA VI's shoes are very large, as the GTA V sold more than 210 million units, selling the entire series to 440 million sales. A company believes GTA VI can sell 40 million vehicles in its first year alone and earn $3 billion in revenue.

Whenever it is ready, the GTA VI will be released on the PS5 and Xbox Series X|S. Take-Two is Probably bring some of their games to Switch 2but no one should expect the GTA 6 to be in it.