Take Two Interactive Software Inc (TTWO) Files Form 4 Insider Selling : Strauss Zelnick Sells 50,000 Shares

Take Two Interactive Software Inc (TTWO): Strauss Zelnick , Chairman, CEO of Take Two Interactive Software Inc sold 50,000 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $39.14 per share for a total value of $1,956,940.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 10, 2016, Daniel P Emerson (Exec. VP and General Counsel) sold 16,348 shares at $39.16 per share price.On Jun 3, 2016, Michael Sheresky (director) sold 610 shares at $38.28 per share price.Also, On May 31, 2016, Jon J Moses (director) sold 10,000 shares at $38.90 per share price.On May 24, 2016, Strauss Zelnick (Chairman, CEO) sold 325,550 shares at $36.37 per share price.

Shares of Take-Two Interactive Software (TTWO) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.08 points or -0.20% at $39.58 with 19,61,557 shares getting traded. Post opening the session at $39.37, the shares hit an intraday low of $39.09 and an intraday high of $40 and the price vacillated in this range throughout the day. The company has a market cap of $3,358 M and the number of outstanding shares has been calculated to be 8,48,34,119 shares. The 52-week high of Take-Two Interactive Software is $40.165 and the 52-week low is $25.01.

Take-Two Interactive Software Money Flow Index Chart

Company has been under the radar of several Street Analysts.Take-Two Interactive Software is Reiterated by Mizuho to Buy while Lowering the Price Target of the company shares to $ 40 from a previous price target of $41 . The Rating was issued on May 19, 2016.

Take-Two Interactive Software Inc. is a developer publisher and marketer of interactive entertainment. The Company develops and publishes products through its two wholly owned labels Rockstar Games and 2K. The Company has a portfolio of software content for the hardware platforms in a range of genres including action adventure family/casual racing role-playing shooter sports and strategy which it distributes across the world. The Company’s products are designed for console gaming systems such as Sony’s PlayStation 3 and PlayStation 4 Microsoft’s Xbox 360 and Xbox One and personal computers including Smartphone’s and tablets. Rockstar Games is the developer and publisher of Grand Theft Auto as well as other franchises including L.A. Noire Max Payne Midnight Club and Red Dead. The Company’s 2K publishes owned and licensed titles across a range of genres including shooter action role-playing strategy sports and family/casual.

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