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04/20/2018 - 12:37pm By: The Fly

Shares of the big three U.S. video game publishers, namely Activision Blizzard (ATVI), Electronic Arts (EA), and Take-Two (TTWO), were in focus after an analyst from Piper Jaffray said that this year's Electronic Entertainment Expo, or E3, could prove more of a catalyst this year than in prior years. The analyst noted that video game stocks typically outperform the broader market in the 60 days leading up to E3. PIPER SEES STRENGTH HEADING INTO E3: In a research note to investors, Piper Jaffray analyst Michael J. Olson said that, in the midst of Fortnite fears reaching a fever pitch, it was worth looking back at how game stocks typically perform ahead of E3, which is scheduled for June 12-14 in Los Angeles, California. The analyst highlighted that...

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