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Benzinga
Benzinga
Business
Melanie Schaffer

Chart Wars: Will Electronic Arts Or Take-Two Reach New All-Time High After Activision Deal?

Electronic Arts Take-Two Nasdaq

Electronic Arts, Inc (NASDAQ:EA) and Take-Two Interactive Software, Inc (NASDAQ:TTWO) ramped higher on Tuesday following the news that Activision Blizzard, Inc (NASDAQ:ATVI) will be acquired by tech giant Microsoft Corp (NASDAQ:MSFT).

Both stocks have been trading in a months-long period of consolidation after reaching all-time highs in February 2021. Electronic Arts has been trading in a mostly sideways pattern between $120.08 and $148.92 since reaching a new all-time high of $150.30 on Jan. 25 and Feb. 2, 2021.

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