On this episode of Stock Movers:
- Take-Two (TTWO) delayed the release of Grand Theft Auto VI again, pushing back the much-anticipated video game by six months to November 2026.In a statement Thursday that accompanied quarterly results, Take-Two said it’s giving the Rockstar Games “team some additional time to finish the game with the high level of polish players expect and deserve.” Shares of Take-Two fell as much as 18% to $208 in extended trading after the delay was announced before recovering about half of the loss, overshadowing quarterly results that topped Wall Street estimates.
- Tesla (TSLA) shareholders approved a $1 trillion compensation package for Chief Executive Officer Elon Musk, the largest payout ever awarded to a corporate leader. More than 75% of votes were cast in favor of the unprecedented pay plan, the company said Thursday at its annual meeting. The outcome caps a weekslong campaign by the electric vehicle maker’s board, its CEO and prominent retail investors to build support. Tesla shares rose 2.5% as of 5:02 p.m. in postmarket trading Thursday in New York. The stock was up 14% this year through Wednesday’s close, narrowly trailing the 16% advance in the S&P 500 Index.
- Expedia (EXPE) raised its full-year gross bookings and revenue outlook, signaling that strong travel trends are continuing into the holiday quarter. Revenue for the year is now expected to increase 6.5% at the midpoint, up from 3% to 5% previously, the company said Thursday in a statement. Shares of Expedia rose as much as 18% in extended trading. The stock has been up 18% so far this year through Thursday’s close.
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