The stock for Rockstar parent company Take-Two has risen, after the reviews for Red Dead Redemption 2 landed last week.
The stock is valued at approximately $120 USD, which is a gain of 9%. This puts it near its all-time high. That sounds a little bit like jargon, so how about this: the rise in stock was almost four times the increase of the NASDAQ average gain yesterday.
Back in September, the stock was at $138, so while it hasn’t recovered quite to that point, it’s still an impressive gain considering it took a slight dip in the last couple of weeks.
The reason for the dip was because of Dan Houser’s controversial comments in an interview with Vulture two weeks ago. Houser’s comment that the developers has been putting in ‘100-hour weeks’ was met with widespread criticism and sparked an examination of Rockstar’s crunch culture.
Houser later clarified that he was talking only about himself and a small group of very senior developers, for whom the extended work was absolutely necessary.
We reviewed Red Dead Redemption 2 last week; it is a very, very, very good video game. Colm liked the horses in the game so much, in fact, that he repurposed the lyrics of Europe’s hit song ‘The Final Countdown.’ Give that a listen.
It’s no wonder that the wave of positive response to the game has seen a stock rise such as this. It currently sits at 97 on Metacritic for PS4.