L.A. Noire release sparks Take-Two stock jump

Take-Two Interactive's stock has jumped and all fingers are pointing to the recent release of L.A. Noire. One analyst notes that the game has the potential to sell up to four million units.

Xav de Matos

May 18, 2011 5:00 PM

According to a report from MCV, Take-Two has seen a substantial surge in its share price following the release of L.A. Noire. At the end of market yesterday, Take-Two Interactive's stock closed at $17.10 a share--a leap of nearly 18 per cent. The jump represents the highest value of the Take-Two share price since 2008, when publishing giant EA attempted to acquire the company. On Monday, Take-Two shares were trading at $15.72 per share. At the end of market today, Take-Two's share price closed at $17.07.

Read our recent feature, Field Report: L.A. Noire.

L.A. Noire launched on the PS3 and Xbox 360 on Tuesday, in North America. The game will be available worldwide by Friday. Sterne Agee analyst Arvind Bhatia believes the long-awaited title from developer Team Bondi could strike a big chord at retail, telling Industry Gamers: "We think the Street is expecting the title to sell three to four million units and so far the initial reviews seem to support this thinking." The Sterne Agee "channel" checks into the game's pre-orders also points to a unit sales potential "in the three to four million range," he added.

Xav de Matos

Xav de Matos was previously a games journalist creating content at Shacknews.

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May 18, 2011 5:00 PM

Xav de Matos posted a new article, L.A. Noire release sparks Take-Two stock jump.

Take-Two Interactive's stock has jumped and all fingers are pointing to the recent release of L.A. Noire. One analyst notes that the game has the potential to sell up to four million units.
- Frush81
  
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  May 18, 2011 7:48 PM
  
  i dont know why but the 1950's are such a big turn off for me
  - TEXIT
    
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    May 18, 2011 7:50 PM
    
    40's.
    - Frush81
      
       reply
      May 18, 2011 7:52 PM
      
      well 1947.. thats closer to the 50's no?
      - NexusOne
        
         reply
        May 18, 2011 8:03 PM
        
        No, 47 would be in the 40's. The clue is the first digit in the number.
        
        radio_babylon
        
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        May 18, 2011 9:27 PM
        
        pedantry. you haz it.
        
        Sapiens
        
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        May 18, 2011 11:18 PM
        
        Identifying the correct decade that a game is set in is considered pedantic now? Just...get out.
        
        moshman
        
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        May 19, 2011 2:09 AM
        
        what the hell does that have to do with being pedantic?
        I suppose 1967 is also in the 40s then, claiming otherwise would just be pedantic.
        Hey, give me 2000 bucks for that item, I know it's only worth 500 but stop being pedantic about it
        
        Ride-My-Rocket
        
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        May 19, 2011 6:48 AM
        
        pedantic: Like a pedant, overly concerned with formal rules and trivial points of learning.
        
        This didn't have anything to do with formal rules. And as far as trivial learning goes, you were wrong and he was correcting you.
        
        If you prefer to wallow in your own ignorance, please go ahead. But don't do it here -- we'll call you out on it at every turn.
        
        ryuuseki
        
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        May 19, 2011 6:50 AM
        
        Since 3 years out of 10 is greater than 10/100, we should probably just call the 90's the 2000's, right? And by that extension, why not call the 1900's the 1800's?
      - TheRiz
        
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        May 18, 2011 10:08 PM
        
        And 1987 really made the 90's suck also....
        
        zooolander
        
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        May 19, 2011 12:19 AM
        
        1987 actually brought the entire 21st century down as far as I am concerned.
        
        Mecha Tofu Pirate
        
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        May 19, 2011 4:54 AM
        
        1987 was the best year ever, fuck you.
        
        Dschinghis Khan
        
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        May 19, 2011 5:01 AM
        
        Uuuhhhhh, Robocop came out in 1987 so clearly you are wrong and stupid.
        
        Omega Blue
        
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        May 19, 2011 2:01 PM
        
        What a awful and wrong subthread, 1987 was the greatest year in the history of recorded time.
  - bolneze
    
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    May 18, 2011 11:39 PM
    
    yeah i dont like the setting much either
  - Xin Jing Client 1a
    
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    May 19, 2011 12:18 AM
    
    I'd like someone to show me a significant cultural difference that distinguishes the years 1947 thru 1952.
    
    1947 Buick Convertable http://www.seriouswheels.com/pics-1940-1949/1947-Buick-Convertible-Eight-m-le.jpg
    
    1952 Buick Convertable http://imcdb.org/i079498.jpg
    
    "July 7 – A supposedly downed extraterrestrial spacecraft is reportedly found in the Roswell UFO incident, near Roswell, New Mexico, which was written about by Stanton T. Friedman.
    
    July 29 – After being shut down on November 9, 1946, for a refurbishment, the ENIAC computer, the world's first electronic digital computer, is turned back on again. It then remains in continuous operation until October 2, 1955." http://en.wikipedia.org/wiki/1947
    
    It looks and sounds just like FO3.
    - baron calamity
      
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      May 19, 2011 4:21 AM
      
      1947: "I just got back from the war! I'm going to fuck anything that moves!"
      1952: "Where the hell did all these kids come from?"
  - geedeck
    
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    May 19, 2011 4:43 AM
    
    I'm just happy to look at a setting that isn't fucking elves and fucking magic swords and fucking elves fucking magic swords
    
    or space marines
- TotalRecall
  
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  May 18, 2011 7:52 PM
  
  The games awesome, I'm playing it now.... Very well made...
  - baron calamity
    
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    May 19, 2011 4:20 AM
    
    It is awesome. I'm so happy that a game like this got made.
- MolarKor
  
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  May 19, 2011 1:57 AM
  
  L.A. Noire is awesome so far! I just found a blog that's giving out the DLC for all the extra cases!
  
  I just got my Slip Of The Tongue Case DLC, but I don't know if there's anymore DLC codes left. If you want to check it out, here's the site:
  
  http://freelanoiredlc.com.nu
  - verbatim
    
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    May 19, 2011 4:42 AM
    
    No, I will not complete your survey.
    No, I will not be your friend on facebook..
    
    I had to disable adblock to see the stupid survey, and I'm baller at HTML so I know all your shit is is "OMG JOIN MY FACEBOOK"
    
    Go post your cancer somewhere else.
  - trelain
    
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    May 19, 2011 4:52 AM
    
    Can someone ban this guy. I've checked the search history and appears to spam these blogs.
    - baron calamity
      
       reply
      May 19, 2011 4:57 AM
      
      Yeah, I think his web page is hazardous.
- [deleted] 716648330
  
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  May 19, 2011 5:48 AM
  
  [deleted]