Gaming Stocks Down in Response to Newtown Tragedy

The terrible events that struck Newtown occurred only a few weeks back and the response is still being felt. As one might expect, gun manufactures have seen a lot of negative attention both politically and within the stock market. Would you expect that video games would see similar pushbacks? With how the media has taken to their scapegoating procedures again, it certainly makes sense.

Although we know that companies like THQ have had low stock overall due to their own financial situation, more "safe" companies have also had a decline over the past few weeks. Big names such as Activision Blizzard, Electronic Arts, and Take-Two are all down notably. The first two companies have seen 8% declines while Take-Two, most famous for their Grand Theft Auto Series, has taken a hit of 15%.

Stock traders may be pulling back as they fear more critical reactions will be taken against games. As such, investing in such companies hardly seems like the smartest plan (at least in the short term). Of course, as these are some of the biggest names in the gaming business, we should expect they will weather their declines.

Source: http://www.gamepodunk.com/_/facts-and-statistics/gaming-stocks-down-in-response-to-newtown-tragedy-r1807

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