HomeMarket NewsSmall CapsTake-Two Interactive Software Faces a Rough Day as Shares Plummet By 9%

Take-Two Interactive Software Faces a Rough Day as Shares Plummet By 9%

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Take-Two Interactive Software, Inc. experienced a hefty blow on Friday, watching its shares tumble following third-quarter results.

The third-quarter numbers showed a 3% year-over-year decline in total net bookings, falling to $1.34 billion. The company’s revised 2024 net bookings forecast of $5.25 billion to $5.3 billion, down from $5.45 billion to $5.55 billion, did not bode well with investors.

In the wake of these disappointing results, Take-Two Interactive Software saw an 8.8% drop in its shares, which plummeted to $154.69 on Friday.

But it wasn’t only Take-Two Interactive Software feeling the sting, as several others also saw notable movement in today’s mid-day session.

A Brighter Side: Gainers

  • Sunworks, Inc. SUNW witnessed a staggering 267% jump to $0.1990, despite filing for Chapter 7 bankruptcy.
  • TOP Financial Group Limited TOP rose 87.55% to $6.13.
  • NanoString Technologies, Inc. NSTG surged 66% to $0.1932 after securing financing for a restructuring process.
  • Intelligent Bio Solutions Inc. INBS experienced a 47.3% increase to $4.24 following second-quarter results.
  • TC Biopharm (Holdings) Plc TCBP observed a 46% climb to $1.6099, building on Thursday’s 16% surge.
  • Intelligent Living Application Group Inc. ILAG gained 45.5% to $0.6851 after surging around 24% on Thursday.
  • Green Giant Inc. GGE saw its shares rise 44.4% to $0.0535 after a 25% gain on Thursday.
  • Better Choice Company Inc. BTTR surged 35% to $0.2379 after acquiring Aimia Pet Healthco.
  • Masonite International Corporation DOOR soared 34.5% to $129.99 following acquisition by Owens Corning for $3.9 billion.
  • Cloudflare, Inc. NET rose 23.5% to $111.49 after posting better-than-expected fourth-quarter financial results and issuing first-quarter guidance.
  • CleanSpark, Inc. CLSK shares gained 22% to $12.81 after reporting a year-over-year increase in first-quarter GAAP EPS and better-than-expected sales results.
  • Centessa Pharmaceuticals plc CNTA climbed 20.5% to $8.99, set to present additional 52-weeks continuous treatment data at a medical congress.
  • IGM Biosciences, Inc. IGMS gained 19.2% to $15.44.
  • Streamline Health Solutions, Inc. STRM rose 18.8% to $0.4814.
  • Natural Grocers by Vitamin Cottage, Inc. NGVC gained 18.2% to $17.51 following quarterly results.
  • Soho House & Co Inc. SHCO rose 15.7% to $5.79, announcing board evaluation of strategic transactions in 2023.
  • Iris Energy Limited IREN gained 13.1% to $5.77.
  • Matrix Service Company MTRX rose 13.1% to $12.82.
  • Terns Pharmaceuticals, Inc. TERN gained 12.6% to $7.07.
  • Central Garden & Pet Company CENT rose 10.4% to $43.03, reporting better-than-expected first-quarter financial results.
  • Impinj, Inc. PI gained 10.2% to $117.18 after announcing better-than-expected fourth-quarter financial results and issuing first-quarter guidance.
  • Ocular Therapeutix, Inc. OCUL rose 8.2% to $5.44. B of A Securities analyst Tazeen Ahmad initiated coverage on Ocular Therapeutix with a Buy rating and announced a price target of $15.
  • Mueller Water Products, Inc. MWA gained 8% to $14.99 following upbeat results.

On the Downturn: Losers

  • Synlogic, Inc. SYBX experienced a 53.3% fall to $1.61 after announcing discontinuation of operations and a significant workforce reduction.
  • The Children’s Place, Inc. PLCE shares fell 52.7% to $9.34 after revising fourth-quarter net sales expectations downwards.
  • BioXcel Therapeutics, Inc.

    Stock Market Plunge Shakes Investors

    Market Turmoil: Tech Stocks Take a Beating

    • BTAI BTAI plummeted 33.7% to $2.4882 after announcing a proposed public offering.
    • Jin Medical International Ltd. ZJYL stumbled 33.5% to $8.62.
    • EMCORE Corporation EMKR nosedived 32% to $0.4275 following weak quarterly results.
    • MicroAlgo Inc. MLGO plunged 31% to $0.7172.
    • Renalytix Plc RNLX shares tanked 30% to $0.3791 after a staggering 96% climb on Thursday.
    • Lantronix, Inc. LTRX dropped 28.8% to $4.1350 following dismal sales.
    • MicroCloud Hologram Inc. HOLO shares declined 27.4% to $20.81 after skyrocketing over 59% on Thursday, driven by the company’s plan to join the Communications Industry Association to spur information technology innovation.
    • eGain Corporation EGAN tumbled 24.4% to $5.77 after second-quarter results disappointed.
    • AMC Networks Inc. AMCX slid 19.1% to $13.78 following weak earnings.
    • Virco Mfg. Corporation VIRC dipped 18.6% to $9.48.
    • Expedia Group, Inc. EXPE declined 17.6% to $131.38 after announcing fourth-quarter financial results and the appointment of Ariane Gorin as CEO.
    • Adlai Nortye Ltd. ANL fell 12.3% to $7.50.
    • Newell Brands Inc. NWL declined 11.8% to $7.45 following quarterly results.
    • Pinterest, Inc. PINS shares dropped 11.4% to $36.07. Although Pinterest reported strong earnings for its fourth quarter, sales failed to meet estimates. The company also projected first-quarter revenue in the range of $690 million to $705 million, below the expected $702.36 million.
    • BILL Holdings, Inc. BILL fell 11% to $67.40 following quarterly results.
    • Affirm Holdings, Inc. AFRM shares dropped 10.6% to $43.98 after releasing second-quarter financial results.
    • IBEX Limited IBEX fell 10.2% to $15.61.
    • Sensient Technologies Corporation SXT tumbled 9.6% to $56.62 after disappointing earnings.
    • Owens Corning OC fell 6.9% to $148.43 after announcing a $3.9 billion agreement to acquire Masonite.
    • Magna International Inc. MGA declined 6.5% to $54.89 after releasing mixed quarterly results.
    • Illumina, Inc. ILMN shares declined 2.7% to $139.45 following fourth-quarter results.

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