Take-Two Interactive Software (NASDAQ:TTWO) Faces Investigation Amidst Stock Volatility

NEW YORK, NY – Take-Two Interactive Software, Inc. (NASDAQ:TTWO), a prominent player in the video game industry known for blockbuster franchises like Grand Theft Auto and NBA 2K, is currently under scrutiny. The company, which operates through its key labels Rockstar Games and 2K, is facing an investigation by the law firm Pomerantz LLP concerning potential securities fraud or unlawful business practices.

The investigation by Pomerantz LLP was reportedly triggered by an announcement from Take-Two subsidiary Rockstar Games regarding the delay of the highly anticipated Grand Theft Auto VI to May 26, 2026. This news significantly impacted Take-Two's stock price, which saw a notable decline of $15.67 per share, or 6.66%, closing at $219.50 on May 2, 2025.

Amidst this period of heightened scrutiny and stock volatility, it was reported that Ellen F. Siminoff, a director at Take-Two, sold 268 shares of the company's common stock. The transaction occurred on June 16, 2025, with shares sold at a price of $230.95 each.

Following this sale, Ms. Siminoff's holdings in Take-Two amounted to 4,696 shares. The sale took place after the stock had shown some recovery, trading around $239, a 0.62% increase on the day. On the day of the transaction, Take-Two's stock traded within a range of $235.67 to $241.82, highlighting ongoing volatility.

Over the past year, Take-Two's stock has experienced significant price swings, reaching a 52-week high of $241.98 and a low of $135.24. The company maintains a substantial market capitalization of approximately $42.4 billion, reflecting its significant standing in the global gaming market.

Despite the legal investigation and stock fluctuations, trading volume for TTWO shares on the NASDAQ remained robust, with 1,377,729 shares traded. This indicates continued investor engagement with the stock despite the current challenges.