Why Video Game and Streaming Stocks Plunged Today
Shares of video game stocks Activision Blizzard (NASDAQ: ATVI) and Take-Two Interactive (NASDAQ: TTWO) plunged on Monday, after investors got word that Pfizer's vaccine has been highly effective in a large clinical trial. Activision was down as much as 9.5% today, and Take-Two dropped as much as 10.8% before shares of the video game stocks closed down 4.3% and 8.7%, respectively.
Shares of Roku (NASDAQ: ROKU) followed the video game drop and were down 12.8% at their low before closing down 12.4%. Apparently, if the pandemic is nearly over, people will be playing video games and watching TV less, or so the market thinks today.
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Source Fool.com
