Why Take-Two Interactive Stock Jumped 41% In the First Half of 2023
Shares of video game company Take-Two Interactive Software (NASDAQ: TTWO) jumped 41.3% in the first half of 2023, according to data provided by S&P Global Market Intelligence. The S&P 500 was up 15.9% during this time, so improving market conditions certainly helped. But most of Take-Two's gains came from a higher valuation of its stock.
Whereas its stock price jumped by 41%, Take-Two's price-to-sales (P/S) valuation increased by 36%, as the chart below shows.
Source Fool.com