What happened
Shares of video game stocks Activision Blizzard (NASDAQ:ATVI) and Take-Two Interactive (NASDAQ:TTWO) plunged on Monday, after investors got word that Pfizer’s vaccine has been highly effective in a large clinical trial. Activision was down as much as 9.5% today, and Take-Two dropped as much as 10.8% before shares of the video game stocks closed down 4.3% and 8.7%, respectively.
Shares of Roku (NASDAQ:ROKU) followed the video game drop and were down 12.8% at their low before closing down 12.4%. Apparently, if the pandemic is nearly over, people will be playing video games and watching TV less, or so the market thinks today.
Image source: Getty Images.
So what
The good news is that…
