Shares of Take-Two Interactive Software, Inc (NASDAQ:TTWO) are down 5.8% to trade at $237.95, after the video game maker delayed for the third time the release of "Grand Theft Auto VI," now slated for Nov. 19, 2026. This is overshadowing the company raising its full-year outlook on the back of a fiscal second-quarter beat. No fewer than four analysts have hiked their price target in response, including Wedbush to $300 from $290.
TTWO has charged 33% higher in the last 12 months, though today's bear gap has the shares back below the $240 level for the first time since early September and headed for their worst day since February 2024. This also happens to be the site of the 126-day moving average, which has moved in as resistance.
Short sellers having been rolling out of the equity, with short interest down 8.3% during the most recent two-week reporting period. Short interest still represents 4.3% of the stock's available float, however, or nearly five days' worth of pent-up buying power.
Take-Two Interactive Software stock options are flying off the shelves. So far, 8,971 calls and 9,797 puts have moved across the tape so far, 26 times the average intraday pace. Most popular is the weekly 12/26 215-strike put, followed by the December 290 call, with new positions being sold to open at the former.
