Electronic Arts, Inc. and Take-Two Interactive Software, Inc. ramped higher on Tuesday following the news that Activision Blizzard, Inc will be acquired by tech giant Microsoft Corp.
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.
