Tag: Stock
Analysts downgrade electronic giant's stock following reports of PS3 malfunctions at TGS and "disappointing" PSP sales.
The PlayStation 3 launch is now just over six weeks away, and Sony Corp. stockholders are apparently getting nervous. Today, the Japanese electronic giant's share price slid 130 yen ($1.11) to 4,600 yen ($38.98) on the Tokyo Stock Exchange, a decline of 2.75 percent.
According to several news-service reports, the stock drop came after two major analysts downgraded Sony's stock on concerns about its gaming division, Sony...
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Analysts speculate that the Sony PSP's "disappointing" TGS showing--and lack of a fixed price point--may be causing investors to flock to Nintendo.
Even though the company was a TGS no-show, Nintendo's stock price shot up early this week, reports Bloomberg Japan. Nintendo's share price rose 2.1 percent, or 260 yen, to 12,760 yen on the Monday following Tokyo Game Show. Financial analysts in Japan are debating whether the rise in share price was directly influenced by the events of Tokyo Game Show or simply coincidental.
KBC Securities'...
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Atari is one stock to stay far, far away from. I still have an Atari 2600 -- I'll never get rid of it. But to those who've been speculating on this stock, I'd say it's finally time to cut your losses and run.
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