I bought stock in take two the company that made grand theft auto 4, the made half a billion dollars in a week

Question

and yet there stock quotes keeps going down. Why is that

Answer 1

Stock prices usually reflect the greed, fear, opinions, and actual knowledge of a very large group of people.  There are a lot of very smart people who see future events very far down the road and then bet on them by buying or selling the associated stocks.  They may have had success in that game, but maybe not as much success as a lot of people had hoped.  So they see that the company's earnings are going to be as high as they predicted, and therefore their target price estimates drop, and they sell, or fewer people buy.

Answer 2

View It Now    FinanceExtends (dot) com

Answer 3

I believe the stock price was ALREADY inflated due to rumors of a hostile takeover by EA. That may have fallen through and so what u are seeing is a correction on the price of their stock. Simply put, EA wanted to acquire Take Two before GTA4 came out so they could reap the benefits. However, now they may have either lowered their offer or just outright taken it off the table. I haven't been keeping up with this recently so u may want to research it urself.

Answer 4

Because some shareholders bought their shares in Aug 2007 at $13.00 and they now have twice the money and they are selling some of their shares to buy a new Ferrari or a new house in Southern France.

One day you will sell some of your shares at $46.00 and you will have twice the money you have now.