Video game publisher Take-Two Interactive Software has announced plans to develop a college basketball video game. That news sent TTWO stock to a record high.
On the stock market today, TTWO stock broke out of a flat base at a buy point of 245.07, according to IBD MarketSurge charts. In intraday trading on Monday, it hit an all-time high of 250.45. It ended the regular session up 3.8% to 248.78.
New York City-based Take-Two already makes the popular professional basketball game series "NBA 2K." The latest edition, "NBA 2K26," officially launched on Friday.
Late Thursday, Take-Two announced plans to expand its basketball game empire.
"We're working on a college basketball experience that will feature more than 100 programs from across the country, from powerhouses to Cinderella stories," the company said in a post on X. "Competition fuels quality at all levels, which is why our approach with college basketball ensures our partner schools, college athletes and our players all benefit."
Take-Two said it would reveal more news on the upcoming game title in early 2026.
TTWO Stock Ranks Second In Group
Meanwhile, rival game publisher Electronic Arts abandoned its plans for a college basketball video game after schools opted for Take-Two's competing proposal, Benchmark analyst Mike Hickey said in a client note.
TTWO stock ranks second out of 25 stocks in IBD's Computer Software-Gaming industry group. Take-Two has an IBD Composite Rating of 88 out of 99, according to IBD Stock Checkup. NetEase ranks first in the group with a Composite Rating of 95.
Follow Patrick Seitz on X at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
