Investors looking to add a gaming stock to their portfolios might consider buying Take-Two or Electronic Arts. The post Better Gaming Buy: Take-Two Stock or Electronic Arts? appeared first on The Motley Fool Canada.
Shares of Take-Two Interactive (NASDAQ: TTWO) were down 2% as of 11:17 a.m. ET on Thursday. While the negative sentiment in the broader market weighed on stocks today, Take-Two's Zynga mobile game subsidiary scooped up another studio to add to its ranks. Take-Two stock has sold off in recent weeks on fears that the slowing mobile market might hurt its business following the acquisition of Zynga earlier this year.
Take-Two Interactive (NASDAQ: TTWO) recently gave investors a lot to think about. The video game giant said in its Q3 earnings update that sales trends are weakening in the mobile-gaming niche that executives had bet on so aggressively in the past year. Take-Two is also delaying a few title launches into 2023.