Gamer’s Excitement for Red Dead Sequel Pushes Stock Price

October 19, 2016 by

Rockstar’s announcement sure was a nice push for parent company Take-Two’s stock price.

In case you’ve been living under a rock over the past few days, Rockstar has tweeted a couple different teasers for some kind of sequel to Red Dead Redemption, one of the highest-rated games from last generation. The first was the clear Rockstar logo (Rockstar’s standard logo over a red RDR shading), while the second showed multiple people in western fashion in front of the sun, in true Red Dead fashion.

Take-Two, Rockstar’s parent company has benefited nicely from the announcement, which has thrown the internet into a collective frenzy. Red Dead Redemption 2 was officially announced on October 18th (you can read more about it here), but just the mere tease of the new game caused Take-Two stock (NASDAQ: TTWO) to surge over 5% overnight. The timing couldn’t have come at a better time, with HBO’s hit new show Westworld stoking its collective audience’s desire to be in total control of a Western paradise, and the Take-Two’s market cap increase of over $200 Million has demonstrated the power that a simple tease has when it comes to a game that we’ve been begging for.

About John Ceccarelli

John lives in a small city outside of Portland, OR. He has been chasing achievements and trophies since his early teen years. After working at a small shoe company during the week, he enjoys spending time with his dog and wife, writing code, and crawling through monster-infested dungeons.