Tough Day for Love Fist and Friends
Take-Two Interactive (TTWO) hit a new 52-week today and THQ Inc (THQI) and Electronic Arts (EA) are dangerously close to their 12 month lows. The Hater-Aid is strong on the game stocks, when will it end?
Electronic Arts (EA) share are trading at $11.94 and its shares are 2.26% from its 52-week low. THQ (THQI) is trading at 54 cents, its shares are less than a dime from its 12 month low. THQ needs to do something soon if it it plans to remain trading on the Nasdaq.
The future of the gaming industry is digital downloads however the overall depressing game sale numbers continue to push these stocks down. U.S. retail sales of video-game hardware, software and accessories fell 28% in May to $517 million. It was the sixth straight month of decline.
Its difficult to tell if these stocks have hit bottom however if the industry can bounce back so can these stocks.
LOVE FIST AND FRIENDS
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Where Does the Market Go From Here? | Financial Sense
- Market Recap Aug 31, 2015 | FundMyMutualFund
- China and Global Market Turbulence | Financial Sense
- Chinese Firms Edging Out Samsung and Apple in the Smartphone Industry | Financial Sense
- Black(er) Monday Looms: Dow Futures Down 220 After J-Hole Speeches & China Fold | ZeroHedge
- How The US State Department Help Desk Unexpectedly "Discovered" Hillary Clinton's Personal Email | ZeroHedge
- Here Comes a “Godzilla” El Niño | Financial Sense
The most relevant financial news and articles from the Internets
- How to tell if someone is lying | Business Insider
- Nelson Shanks, painter of presidents and royalty, dies at... | Business Insider
- An artist has done something incredible with the most mundane piece of furniture... | Business Insider
- French sailors end Calais port blockade | Business Insider
- Russia's flagship airline to take over domestic rival | Business Insider
- Yahoo chief Mayer says she's pregnant with twins | Business Insider
- Gov. Marvin Mandel, who fell from political grace, has died... | Business Insider