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