Take-Two stock value increased 7.5% after the announcement of GTA 6

Yesterday, Rockstar Games announced for the first time its work on a new part of the open-world series Grand Theft Auto, and given that it is one of the most successful games in the history of the industry with dozens of records achieved by the last part, it was natural that the value of Take-Two shares will be affected by the news of the announcement about the game.

To see the impact of the news of the announcement of GTA 6 on the stock markets, it suffices to know that the stock of Take-Two started trading with a loss of 2.3% yesterday, and after the latest announcement by Rockstar Games, the value of the stock rose by 7.5% to close at $175 per share.

According to the analysis, the company deliberately announced the GTA 6 game at this time and before meeting investors next Monday to talk about the financial results, which reflected positively on its market value.

This means that GTA 6, or whatever the name of the upcoming part, is currently in development without mentioning any additional details about the story, events, characters, or even the target platforms, but mostly the game will be released for Xbox Series and PS5 after several years, as Take Two’s financial report indicated that there is a very massive game expected to be released in the fiscal year 2024.