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Here are highlights from Friday's Analyst Blog:
Video Game Stock Roundup
Over the last five trading sessions, video game stocks mostly witnessed a mixed trend. While new game launches by Take-Two Interactive Software Inc. (Nasdaq: TTWO- Free Report) and Electronic Arts Inc. (Nasdaq: EA- Free Report) made headlines and propelled a positive market sentiment, criticism of Ubisoft Entertainment SA's Assassin's Creed: Unity took a thrashing that affected the overall share price movement of gaming stocks.
Top Stories Over the Last Week
- Take-Two Interactive's wholly-owned subsidiary, Rockstar Games, announced that its flagship game series Grand Theft Auto V is available on PlayStation 4 and Xbox One. Customised for such gaming consoles, the new game includes new First Person Mode, which enhances gamers' experience and increases chances of attracting new players.
- Activision Blizzard (Nasdaq: ATVI- Free Report) declared that its World of Warcraft franchise surpassed 10 million subscribers worldwide as of Nov 13, 2014.Created in 2004, World of Warcraft is a massively multiplayer online role-playing game (MMORPG) developed by Blizzard Entertainment. It is the most subscribed MMORPG worldwide. (Read more: Activision's World of Warcraft Subscriptions Cross 10M Mark)
- Following the launch of Assassin's Creed: Unity, Ubisoft shares registered a significant decline over the past week. The technical glitches and game bugs resulted in negative reviews and users' outrage globally. (Read more: Ubisoft's Assassin's Creed: Unity Faces Glitches, Stock Dips)
- Electronic Arts' division, BioWare, launched role-playing game (RPG), Dragon Age: Inquisition, which is currently available in North America. First released in 2009, Dragon Age: Origins became a hit followed by Dragon Age II launch in 2011. The new Dragon Age: Inquisition already remains a winner of Game Critics Award for Best RPG at E3 2014.
- Scientific Games Corporation (Nasdaq: SGMS- Free Report) recently received approval for the acquisition of Bally Technologies, Inc. (NYSE: BYI- Free Report) from the Nevada Gaming Commission. In August, the company announced its plans for acquiring the slot-machine maker for $3.3 billion in cash. The transaction is expected to close in early 2015.
Today, Zacks is promoting its "Buy" stock recommendations. Get #1Stock of the Day pick for free.
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