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Sector Snap: Video game stocks fall



By AP
29 September 2008 @ 03:22 pm EST

NEW YORK - Shares of video game companies tumbled with the broader market Monday afternoon after the House defeated a $700 billion financial bailout package.

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Quotes
ERTS 18.87 1.53
ATVI 10.3 0.96
TTWO 10.1 0.33
THQI 3.62 0.28
GME 17.98 0.48

SYMBOL LOOKUP

The Dow Jones industrial average fell as much as 705 points before regaining some ground. The tech-heavy Nasdaq composite index fell 146.66, or 6.72 percent, to 2,036.68.

Shares of Electronic Arts Inc. fell $2.76, or 7 percent, to $36.87. Earlier, the stock hit a 52-week low of $36.60. Shares of Activision Blizzard Inc. fell $1.88, or 11 percent, to $14.50. Shares of Take-Two Interactive Software Inc. fell $1.07, or 6.6 percent, to $15.09, even after a Cowen analyst upgraded the stock.

Shares of THQ Inc. fell 90 cents, or 7.3 percent, to $11.45. Shares of Gamestop Corp., the world's largest video game retailer, fell $2.13, or 5.9 percent, to $34.03. Earlier, the stock hit a 52-week low of $32.80.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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