Pachter, who has a neutral rating on THQ shares with a 12-month price target of $5, doesn't expect demand for uDraw to tail off anytime either and believes the company will do what's necessary to meet it. "The only thing that will hold uDraw back is supply, as the company said it intends to make only 1 million or so this fiscal year," he said. "If it's sold out, I'm sure they will find a way to increase manufacturing capacity." THQ shares finished Thursday up 44 cents, or 10.1%, at $4.81, its highest close since July 27. Volume of 2.9 million compared to the issue's trailing three-month daily average of 1.1 million. The stock is still down 13.3% so far in 2010, but it's now bounced 44.4% since scraping a 52-week high of $3.33 on Aug. 13. In addition to the uDraw optimism, THQ announced the release of Star Wars Arcade: Falcon Gunner on Thursday as an application for Apple's ( AAPL) iPhone and iPod Touch devices. It expects to have a version ready for the iPad in December. THQ said the game, which sells for $4.99, features so-called augmented reality technology, which allows a user to "overlay enemy fighters on top of their natural surroundings and the device's compass or gyroscope to enable 360-degree, full body motion control movement." THQ shares also rose 4% on Wednesday on heavier than normal volume. Company officials weren't immediately available for comment on the stock's move this week.
Shares of THQ (Nasdaq:THQI) were gapping down Wednesday morning with an open price 10.3% lower than Tuesday's closing price. The stock closed at 68 cents yesterday and opened today's trading at 61 cents.
Shares of THQ (Nasdaq:THQI) were gapping down Friday morning with an open price 22.4% lower than Thursday's closing price. The stock closed at 76 cents yesterday and opened today's trading at 59 cents.