With the recent announcement from Rockstar Games that GTA V would be delayed until September 17, Take-Two stocks plummeted. Take-Two share price fell as low as 12% because of the GTA V delay. The stocks have rebounded some as they are now trading at $12.28, which is only down 5.97% from what they were trading for yesterday.
The game was suppose to be released sometime this spring, with most people speculating that the game would be released in May, because the last few previous Rockstar games had been released in May. The reason for the delay was to add more “polish” to the game, which I could definitely see if GTA V is as big as what Rockstar was boasting back in November.
In addition, the news of the delay was so big it caused GameStop stock shares to slip as well. At the time of writing this, GameStop shares had fallen 2.9 percent thanks to the GTA V delay. I do have to say, as much as I wanted to play GTA V, this delay is not all that bad considering how many great games will be coming out between now and summer.