Skip to content

Take-Two stock soars premarket on GTA VI news: All-time high imminent?

Take-Two stock soars premarket on GTA VI news: All-time high imminent?

In 2022, after two teenagers made a hack and leaked early footage of the highly-anticipated Grand Theft Auto VI (GTA VI) video game, the shares of the publisher, Take-Two Interactive (NASDAQ: TTWO), plunged as much as 6%.

On November 8, 2023, the shares of TTWO soared after unnamed sources within the company revealed that Rockstar Games. Apparently, the Take-Two division developing the beloved franchise, is planning to unveil the next installment next month, according to a report from Bloomberg.

Considering that Rockstar Games is by far the most recognizable subsidiary of Take-Two Interactive and that GTA is its most successful franchise, the news is likely to have a very significant impact on the publisher’s stock, possibly even driving it toward a new all-time high.

Can TTWO reach an all-time high with GTA 6?

Rockstar Games is one of the few video game developers that can boast that all of its major releases – GTA, Red Dead Redemption, and Bully – have so far been both critical darlings and beloved by the community. Most notably, Grand Theft Auto, its latest, 5th installment, has also been one of the most successful games ever sold.

GTA V has, between its release in 2013 and August of 2023, sold approximately 185 million copies – second only to Minecraft, which has the advantage of also being available on mobile – making about $8 billion worldwide.

Considering the previous financial success, the hype generally associated with new GTA games, and Rockstar’s reputation, the sixth installment in the franchise is likely to draw in a large crowd of both investors and gamers. 

While this is almost guaranteed to send Take-Two Interactive’s stocks soaring, beating the company’s all-time high remains a tall order as they would have to rise by nearly $100 compared to their current price.

TTWO stock price analysis

The prospects for the announcement of the next GTA game have already had a major impact on TTWO’s price. The publisher’s shares have been shooting up in the premarket and stood at $147.11 at the time of publication – a 7.88% rise throughout the extended hours trading.

Even without the reports on the new Grand Theft Auto, Take-Two Interactive has been performing rather well in 2023. Its stock is up 32.25% since January 1, and its price has increased to $136.36 – by 1.48% – over the previous 24 hours.

TTWO 1-day price chart. Source: Finbold

Still, TTWO has admittedly been on a slight decline since the summer, and it is almost certain the coming days will bring significant stock market activity. Along with the news of the likely GTA VI release, Take-Two is scheduled to release its Q2 earnings report for the fiscal year 2024 after the markets close on Wednesday, November 8.

Buy stocks now with Interactive Brokers – the most advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.