The Rockstar Games leak didn’t seem to do what the hackers had been hoping. After wanting $200,000 for the data it had stolen and then releasing it for free when noone paid up, the data simply showed just how much money Rockstar and Take-Two Interactive were making from their franchises like Grand Theft Auto and Red Dead Redemption.
Now, in the day following the leaked data going public, parent company Take-Two Interactive is making even more money.
Entering trading on Tuesday, Take-Two had a market value of $38.03 billion with stocks trading at roughly $202.26 per share. As of 11:45am ET, stock prices had risen 2.63% up to $206.66 per share. That jump added roughly $1 billion to the company’s overall value.
Now, compared to its 52-week high of $264.79, Take-Two’s stock prices are still down by just under 25%. But, knowing that prices are rising as people saw information that they weren’t privy to before has to be making investors feel pretty good right about now in an unstable economic environment. It’s also nearly $20 per share above the company’s 52-week low of $187.63 that happened back in February when the latest Take-Two earnings report took place.
As with all stocks, the prices will fluctuate throughout the day. By the end of trading for the day, the price could very well go even higher or come back down.
What do you think about Take-Two adding $1 billion in value in the day following the data leak? Leave your thoughts in the comments below, and in this official Insider Gaming Discord.
In other news, read about Xbox’s CEO admitting that Xbox Game Pass is too expensive for players. And for even more Insider Gaming delivered directly to your inbox, sign up for our newsletter.
Mike has been covering the gaming industry since 2012, and has reported on some of the largest events in the industry while also working as an investigative reporter. Outside of…
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That’s hilarious 😂
They really thought.
It clearly shows how massive the hacker problem is on PC and why Rockstar prioritises consoles over PC.