But TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, didn't agree with the selling. "You want to buy Take-Two, not sell it," he said on CNBC's "Cramer's Mad Dash" segment.
The company has $8 per share in cash, is monetizing "all of its different assets" and continues to roll out new franchises, he added.
Turning to Fossil (FOSL), Cramer said the company is "not doing a great job" and has "very poor execution." The stock is down roughly 8% in early Wednesday trading after the company reported earnings. The retailer continues to do well in Europe, but is still struggling in the U.S.
Instead, Cramer concluded that Michael Kors (KORS) "can go higher."
-- Written by Bret Kenwell in Petoskey, Mich.
>>Read More: Another Reason Why Facebook Is Better Than Twitter
>>Read More: Volkswagen Launches the People's Electric Car