Take-two executives sell big chunks of stock

By Bobby Raines,

Shutterstock photo

Bobby Raines 04/07/2014

Two executives at Take-Two Interactive ( TTWO ), Karl Slatoff, the company's president, and Strauzz Zelnick, the company's chairman and CEO, each sold 379,317 shares of the compnay's common stock on April 2. At $21.85, both men pulled in $8,289,670 from the sales.

IK-> The technicals for TTWO ($21.17 down $0.03) are bullish with a neutral trend. Recent support has been around $21.17 and recent resistance has been near $22.26. Standard & Poor's has a 4 STARS (out of five) ranking on the stock. Look at the June 25/28 bear-call spread for a 20-cent credit. That's a 7.1% return and the stock has to rise 18.1% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com

This article appears in: Investing Options
Referenced Stocks: TTWO

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