The trading activity of members of Congress continues to be closely watched by retail investors worldwide. Recent trades made by one member likely won't spark conflict-of-interest fears, but could catch the attention of the video game community.
Congressman Sells Take-Two Stock
Congressman Thomas Kean Jr. (R-N.J.) recently disclosed the sale of several stocks and purchase of one stock, transactions made in April, as tracked by the Benzinga Government Trades page.
The stocks sold were Analog Devices (NASDAQ:ADI), nVent Electric (NYSE:NVT), First Citizens Bancshares (NASDAQ:FCNCA) and Take-Two Interactive Software (NASDAQ:TTWO). All the trades were listed with transaction values of $1,000 to $15,000.
Kean also disclosed buying $1,000 to $15,000 in Texas Instruments (NASDAQ:TXN) stock.
The sale of Take-Two stock comes ahead of one of the largest catalysts for the video game company in years. The gaming company is set to release the highly anticipated "GTA VI" game on Nov. 19, 2026.
The game was previously delayed from its release dates of Fall 2025 and May 2026. The game follows the highly successful "GTA V," which has sold over 230 million units since its 2013 release.
It is unclear why Kean is choosing to sell his Take-Two stock now rather than wait until the game’s release. Still, a look at his trading history shows that the sale was profitable.
Kean disclosed buying $1,000 to $15,000 in Take-Two stock on Jan. 18, 2023. The stock traded as high as $105.75 on that day. This means that Kean sold his shares at a profit of $110.7% or more, making more than $1,107 to $16,605, depending on how much stock was originally purchased.
Kean's trading history shows buying large-cap and small-cap stocks, with most transactions in the $1,000 to $15,000 or $15,000 to $50,000 range.
The congressman sold more stocks than he bought in three of his four years in Congress, including 2026 year-to-date. Only in 2025 did his buying exceed sales.
What's Next for Take-Two Interactive Stock
The release of "GTA VI" is a major catalyst for Take-Two Interactive. One of the questions is how much of the game's initial success is already priced into shares.
After multiple delays, there were fears of more delays. Take-Two is sticking to the Nov. 19, 2026, release date, and that may create more upside for shares that couldn't be fully valued until the release date is set.
"We believe fiscal 2027 will establish new record levels of operating performance driven by the Nov. 19 launch of Grand Theft Auto VI, along with strong execution across our portfolio," Take Two CEO Strauss Zelnick said after recent quarterly results.
Analyst price targets on Take-Two stock range from $280 to $300 according to data from Benzinga Pro, offering upside of 25.7% to 34.7%.
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