Take-Two Interactive Is Set for a Pullback Before Further Gains
Momentum tends to peak before prices do so it is a leading indicator.
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For his second "Executive Decision" segment of
Mad Money Tuesday evening, host Jim Cramer spoke with Strauss Zelnick, chairman and CEO of video game maker, Take-Two Interactive (TTWO) .
Zelnick said Take-Two's strength is in their franchises. The company has 11 franchises with releases that have topped five million copies, he said, and 67 franchises that have topped two million copies in a single release.
Turning to the elephant in the room -- the pandemic -- Zelnick said that all entertainment options have benefited from people spending more time at home.