Nintendo Stocks Bounce Back Following 18 Percent Drop
The Wii U developer’s stock rose back up to $16.36 per share.
Nintendo’s stock fell by 18 percent earlier this week when it revealed its projected financial losses, which amounted to $335 million. Given that the Wii U hasn’t been doing well and president Satoru Iwata refuses to step down – since he wants to rescue the ship before he’s made to walk the plank – it seems more or less normal that the stocks would go down.
Nonetheless, CVG reports that Nintendo’s stock has risen again, from $14.53 per share to its current price of $16.36. That’s not a bad jump up, especially since the 18 percent drop was its largest since September of this year – which is when its last quarterly financial report came out.
Though analysts have called for Nintendo to bring its games to other platforms including mobiles, Iwata has remained adamant against the same. What are your thoughts on Nintendo’s fortunes? Let us know in the comments below and what you think they can do to get back on track.