LOS ANGELES (AP) -- Shares of video game makers and sellers fell Thursday in the aftermath of a mass shooting at a Connecticut elementary school, which has renewed debate about violent games and their potential influence on crime.
Shares of GameStop Corp. , whose stores sell video games as well as systems like the Xbox and Wii, fell 5 percent in afternoon trading.
Investors are seen as being increasingly concerned that the government may impose tougher rules on the sales of games rated for "mature" and older audiences.
Investors may be worried that parents will also avoid buying first-person shooter games like "Call of Duty: Black Ops 2" after the tragedy Friday morning at Sandy Hook Elementary , in which 20 children and six adults were shot and killed by 20-year-old Adam Lanza.
"Maybe there will be more stringent efforts to make sure youth are not playing games that they're not old enough to play," said Mike Hickey, an analyst with National Alliance Securities . "Maybe there will be a greater effort by parents in managing the content their kids are playing."
Shares of companies involved in the video game industry, many of which had been dropping since the shooting, declined further Thursday.
GameStop stock lost $1.37, or 5 percent, to $26.18. Shares have barely changed since last Thursday's close, the day before the shooting, to Wednesday's close.
Shares of Activision Blizzard Inc. , the publisher of "Call of Duty: Black Ops 2," fell 9 cents to $10.70. The stock had already dropped 5.6 percent.
Electronic Arts Inc. shares fell 41 cents, or 2.9 percent, to $13.99. Shares had dropped 5.6 percent.
Take-Two Interactive Software Inc. shares slipped 29 cents, or 2.5 percent, to $11.69. The stock had dropped 8 percent.
The declines came as broader markets rose. The Dow Jones industrial average was up 0.3 percent at 13,295.
Blog List
-
Kaley Cuoco Shows Off Fit Physique In Skin-Revealing Yoga Outfit - By Suzy Byrne Kaley Cuoco leaving yoga class in L.A. on Monday. (X17online.com)Kaley Cuoco gave new meaning to hot yoga on Monday when she emerged from cla...12 years ago
Pageviews
Popular Posts
-
MOSCOW (Reuters) - President Vladimir Putin offered French actor Gerard Depardieu a Russian passport on Thursday, saying he would welc...
-
JOHANNESBURG (AP) They say cats have nine lives. Now a Chinese toad has joined that club of wily survivors. South Africans are marveling at ...
-
JOHANNESBURG (AP) South Africa's former President Nelson Mandela was admitted to a military hospital Saturday for medical tests, tho...
-
GUATEMALA CITY (Reuters) - Software guru John McAfee, fighting deportation to Belize, was rushed to a hospital in Guatemala on Thursday shor...
-
Gaming can reduce stress, refine motor skills, improve your vision, and more Your parents may have tried to kick you off your Super Nintendo...
-
NEWTOWN, Conn. (AP) People around the world are grieving with the residents of Newtown over the murders of 26 school children and staff, off...
-
NEW YORK (AP) Only at a Rolling Stones concert could appearances by Bruce Springsteen and Lady Gaga seem almost like afterthough...
-
LOS ANGELES (AP) The final defendant in a group charged with burglarizing celebrities' homes pleaded no contest Friday to receiving ...
-
As Republican House Speaker John Boehner is negotiating with President Barack Obama on a deal to avoid sending the country over the "fi...
-
AUSTIN, Texas (Reuters) - Former President George H.W. Bush remained in the intensive care unit of a Houston hospital on Thursday, but his...