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Investing in Take-Two Interactive Software, Inc (TTWO): What You Must Know

Take-Two Interactive Software, Inc’s recently made public that its President / CEO ZELNICK STRAUSS acquired Company’s shares for reported $2.2 million on Nov 08 ’24. In the deal valued at $176.33 per share,12,500 shares were bought.

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Then, ZELNICK STRAUSS bought 12,500 shares, generating $2,204,159 in total proceeds.

Before that, Srinivasan LaVerne Evans bought 2,000 shares. Take-Two Interactive Software, Inc shares valued at $358,340 were divested by the Director at a price of $179.17 per share.

Redburn Atlantic initiated its Take-Two Interactive Software, Inc [TTWO] rating to a Buy in a research note published on August 29, 2024; the price target was $194. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in mid August from “a Hold” to “a Buy”. BofA Securities also remained covering TTWO and has increased its forecast on May 23, 2024 with a “Buy” recommendation from previously “Neutral” rating. HSBC Securities revised its rating on May 17, 2024. It rated TTWO as “a Hold” which previously was an “a Buy”.

Price Performance Review of TTWO

On Monday, Take-Two Interactive Software, Inc [NASDAQ:TTWO] saw its stock jump 0.84% to $179.39. Over the last five days, the stock has gained 10.10%. Take-Two Interactive Software, Inc shares have risen nearly 11.46% since the year began. Nevertheless, the stocks have risen 22.60% over the past one year. While a 52-week high of $180.53 was reached on 11/07/24, a 52-week low of $135.24 was recorded on 08/08/24. SMA at 50 days reached $157.11, while 200 days put it at $153.06.

Levels Of Support And Resistance For TTWO Stock

The 24-hour chart illustrates a support level at 178.17, which if violated will result in even more drops to 176.95. On the upside, there is a resistance level at 180.56. A further resistance level may holdings at 181.73. The Relative Strength Index (RSI) on the 14-day chart is 81.34, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.21%. Stochastics %K at 92.89% indicates the stock is a selling.

How much short interest is there in Take-Two Interactive Software, Inc?

A steep rise in short interest was recorded in Take-Two Interactive Software, Inc stocks on 2024-10-15, dropping by -0.26 million shares to a total of 6.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.19 million shares. There was a decline of -3.81%, which implies that there is a negative sentiment for the stock.

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