Piper Jaffray analyst Michael Olson says November NPD video game software sales were down 22% year-over-year due to a difficult compare with launches last year of Call of Duty: Black Ops III from Activision (ATVI) and Fallout 4 from Bethesda. This year's Call of Duty: Infinite Warfare was among the top titles for the month but "down significantly" relative to the prior iteration, Olson tells investors in a research note. Other top titles for this November included Electronic Arts' (EA) Battlefield 1 and Titanfall 2, as well as Nintendo's (NTODY) pair of 3DS Pokemon titles Sun and Moon, the analyst points out. He maintains Overweight ratings on Activision, Electronic Arts and Take-Two (TTWO) and a Neutral rating on GameStop (GME).
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Robinhood (HOOD)... To see the rest of the story go to thefly.com. See Story Here
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSnCino (NCNO) up... To see the rest of the story go to thefly.com. See Story Here
Pre-earnings options volume in GameStop is 1.8x normal with calls leading puts 3:1. Implied volatility suggests the market is anticipating a move near 19.8%, or $2.99, after results are released. Median move over the past eight quarters is 10.3%.
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: While... To see the rest of the story go to thefly.com. See Story Here