MKM Partners analyst Eric Handler told investors in a research note before the open that there is "no need to panic" about Take-Two's latest game "Borderlands 3" going on sale. Handler said that he received a number of questions yesterday from investors wondering if the game was underperforming expectations since certain retailers lowered the price for the game to $45 from $60. The analyst said that, in his view, there was "a lot of faulty analysis" assessing the performance of "Borderlands 3," adding that there has not been very much information about unit sales since Take-Two issued a press release late last month which stated the title had sold-in over 5M units during its first five days of launch and "exceeded" management's expectations. Handler, who has a Buy rating and $142 on Take-Two, believes that "Borderlands 3" has continued to sell well and that the retail price cuts are "marketing driven" instead of performance related.

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

"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: Among... 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

Take-Two Interactive President Karl Slatoff disclosed the sale of 90,851 shares of compant stock at $148.54 on April 12, for a total transaction amount of $13,494,771.