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Fly News Breaks for September 10, 2018
Sep 10, 2018 | 08:20 EDT
After meeting with Take-Two's executive team last week, Benchmark analyst Mike Hickey said he remains convinced that the upcoming release of "Red Dead Redemption 2" will greatly exceed consensus forecasts. He reiterate his Buy rating on Take-Two shares with a $156 price target, citing his view of its "potentially enormous near term earnings power."
News For TTWO From the Last 2 Days
Oct 18, 2018 | 14:47 EDT
Smaller video game retailers may not be receiving hard copies of Take-Two's (TTWO) "Red Dead Redemption 2" on October 26, the day of its release, Kotaku reports, citing interviews with local game stores and distributors. Major retailers like GameStop (GME) and Best Buy (BBY) will still have the game on time, and customers could also download the game on their PlayStation 4 (SNE) or Xbox One (MSFT), the reprot notes. In general, however, local game stores will likely miss out on the first week of "Red Dead" sales, the report says. Some retailers don't expect to ship the game before November 7, the report notes. Reference Link
Oct 18, 2018 | 13:35 EDT
Bearish flow noted in TakeTwo Interactive Software with 4,137 puts trading, or 1.8x expected. Most active are Oct-18 130 puts and Oct-18 126 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.64, while ATM IV is up nearly 6 points on the day. Earnings are expected on November 7th.
Oct 18, 2018 | 07:35 EDT
Notable call activity was cited Wednesday in Netflix (NFLX), PayPal (PYPL), Activision Blizzard (ATVI), Caesars (CZR), AK Steel (AKS), Dollar Tree (DLTR), TakeTwo Interactive Software (TTWO), Nokia (NOK), JetBlue (JBLU), and Beazer Homes (BZH).