NPD Data: Majesco Joins The Video Game Elite
By Mark Gomes:According to new data from NPD Group, Majesco (COOL) claimed a spot on the U.S. video game charts in January. Zumba Fitness 2 came in at #9, giving COOL its first Top Ten hit since the original Zumba Fitness did it, last February.In a month that saw video game sales plunge 34%, Majesco bucked the trend. As the smallest company in this month's Top Ten, the stage is set for investors to discover COOL's little-known stock.By tapping into the growing demand for fitness video games, COOL has positioned itself as one of the few safe investments in the space. Ubisoft (UBSFY.PK) paved the way with its "Just Dance" franchise, which finished January in the #2 position. Shares of Ubisoft have responded by rising 77% in recent months.The rest of the U.S. Top Ten is dominated by heavyweights, including Activision's (ATVI) "Call of Duty," Take-Two's (TTWO) N"BA 2K12,"Complete Story »
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