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Wedbush's August Video Game Industry Summary

Gamestop Corporation NYSE:GME, EA - Wedbush's August Video Game Industry Summary

Michael Pachter of Wedbush reviewed key developments in the video gaming industry in a monthly recap note.

Pachter noted that his proprietary "Wedbush Video Game Index," a market-cap weighted index of video game companies, rose 4 percent in August, outperforming the 6 percent decline seen in the S&P 500 and Russell 2000 indices.

A Few Names And Numbers

Of note, Activision Blizzard, Inc. ATVI 2.73% saw its stock rise 11 percent following a "very strong" earnings report early in the month along reports that it will be added to the S&P 500 index. Shares of Electronic Arts Inc. EA 3.99% finished the month lower by 8 percent after an "impressive" 10-month rally. Shares of Take-Two Interactive Software, Inc. TTWO 2.11% fell 8...