Videogame sales in the U.S. have fallen year-over-year every month since January 2012. Most recently data from the NPD Group showed sales of videogame hardware, software and accessories declined 19 percent to $443.0 million in July, while sales of videogame titles dropped 20.0 percent to $222.3 million. But publishers have been optimistic as the new Xbox One and PlayStation 4. "The recent industry sales figures are more a reflection of typical late console cycle dynamics than the momentum of this medium," said Activision Blizzard's publishing chief executive Eric Hirshberg. PricewaterhouseCoopers (PwC) has predicted worldwide console games sales to increase 4.2 percent to $25.98 billion this year, and an additional 6.4 percent in 2014.
Activision Blizzard, Inc. (NASDAQ:ATVI - News) shares traded in the range of $16.64 to $16.93 Thursday before settling to close at $16.80, an increase of 1.33 percent. The stock appears to be facing some resistance at the $16.95 and $18.27 levels with some support at $16.41. Shares of Activision Blizzard have gained approximately 58.0 percent in 2013.
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Electronic Arts Inc. (NASDAQ:EA - News) shares traded in the range of $26.95 to $27.94 Thursday before settling to close at $27.78, an increase of 4.20 percent. The stock appears to have some support at the $26.76, $24.84 and $24.24 levels. Shares of Electronic Arts have gained approximately 90.0 percent in 2013.
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GameStop Corp. (NYSE:GME - News) shares traded in the range of $51.57 to $56.08 Thursday before settling to close at $51.91, an increase of 9.01 percent. The stock appears to have some support at the $52.08, $50.39 and $48.86. Shares of GameStop have gained approximately 105.0 percent in 2013.
More information on GameStop and access to the free equity report can be found at:
Take-Two Interactive Software, Inc. (NASDAQ:TTWO - News) shares traded in the range of $172.52 to $181.50 Thursday before settling to close at $178.39, an increase of 2.98 percent. The stock appears to be facing some resistance at $19.86 with some support at the $18.66 and $18.26 levels. Shares of Take-Two Interactive have gained approximately 72.0 percent in 2013.
More information on Take-Two Interactive and access to the free equity report can be found at:
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