GTA Parent Companys Stock Reaches AllTime High And This Could Be Why

Grand Theft Auto parent company Take-Two's stock price is soaring this week following the company's recent earnings report on February 6. Why is the share value surging? It's often hard to know what makes a stock price move in the market, but there are some strong signals for what might be causing it this time.

Starting with the numbers, Take-Two's stock price is currently trading above $210 per share, which is about $35 higher than where it was when markets closed on Thursday. That's a gigantic gain for a single day, and it helped propel Take-Two's stock price to the highest value in the company's history.

Take-Two's previous high of around $210 per share came in 2021 during the pandemic, when many entertainment companies saw huge gains due to stay-at-home orders. For a historical comparison, when GTA V was released in September 2013, Take-Two stock was trading at around $17 per share. Anyone who bought back then, or earlier, and still holds Take-Two shares today is doing quite well.