Nintendo Stock Price Jumps By 9.1 Percent
Nintendo’s stock price recently suffered the sharpest decline since October, a negative reaction to SMBC Nikko Securities sharing their prediction that the company’s financial performance will underperform below expectation.
That saw the stock price drop by 7.6 percent, but it surprisingly hasn’t taken long to recover. Bloomberg reports that, after Macquarie Group raised their own rating for Nintendo, the company’s stock price has climbed by 9.07 percent.
That vote of confidence from the financial, advisory, investment and funds management service provider will be welcomed by Nintendo, especially as they are shortly due to share their third quarter earnings release on February 2nd.