Why Take-Two Interactive's Stock Jumped This Week

Take-Two Interactive (NASDAQ: TTWO) shareholders leveled up against the market this week. Their stock gained 7% through 12:30 p.m. ET on Friday compared to a 3% slump in the S&P 500, according to data provided by S&P Global Market Intelligence.

The rally wasn't enough to put the video game developer back into positive territory compared to the market in 2022. Shares are still down 30%, while the S&P is down 18%. But the boost was sparked by positive news on the earnings front.

Image source: Getty Images.

Source Fool.com