According to The Kobeissi Letter, Take-Two Interactive's stock (TTWO) declined by 12% following the company's announcement that the highly anticipated Grand Theft Auto 6 (GTA 6) release will be postponed to May 2026. This significant drop reflects trader concerns over delayed revenue streams and potential impact on earnings forecasts, making TTWO a high-volatility ticker for short-term trading strategies. Traders should monitor TTWO closely for further price action and potential support levels as the market digests this delay (source: The Kobeissi Letter, Twitter, May 2, 2025).

According to The Kobeissi Letter, Take-Two Interactive ($TTWO) shares dropped 12% following the company's announcement that the highly anticipated Grand Theft Auto 6 (GTA 6) release has been postponed until May 2026. This delay raises concerns about near-term revenue projections and may increase volatility in $TTWO trading, as investors reassess growth expectations based on the new timeline (source: The Kobeissi Letter, Twitter, May 2, 2025). Traders should monitor further updates on development progress and watch for potential support levels as institutional investors may adjust positions in response to the revised release schedule.