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08-23-2011, 03:10 PM
<span class="articleText">http://www.1up.com/media?id=3915199&type=lg
An event Nintendo reportedly intends to hold next month seems to have caused a spike in Nintendo's stock price today.
Bloomberg (http://www.bloomberg.com/news/2011-08-23/nintendo-surges-in-osaka-amid-speculation-over-event-next-month.html) reports that Osaka trading saw Nintendo shares jump 8.4 percent to 13,100 yen. That's the highest it's been since July 28, the day the 3DS price drop was announced (http://www.1up.com/news/3ds-price-drops-16999-august-early-adopters-get-free-games). In the U.S., Nintendo closed out the day yesterday at $19.67. Today, it started out at $21.20 and steadily rose all the way to $21.65, nearly a full dollar better than yesterday.
Tokai Tokyo Securities analyst Yusuke Tsunoda attributes this to invitations that were reportedly sent out yesterday for an event to be held on September 13. Nintendo has declined to comment on the event, which kicks off just two days prior to the Tokyo Game Show (running September 15-18).
More... (http://www.1up.com/news/nintendo-planning-pre-tgs-event-stock-price-jumps)
An event Nintendo reportedly intends to hold next month seems to have caused a spike in Nintendo's stock price today.
Bloomberg (http://www.bloomberg.com/news/2011-08-23/nintendo-surges-in-osaka-amid-speculation-over-event-next-month.html) reports that Osaka trading saw Nintendo shares jump 8.4 percent to 13,100 yen. That's the highest it's been since July 28, the day the 3DS price drop was announced (http://www.1up.com/news/3ds-price-drops-16999-august-early-adopters-get-free-games). In the U.S., Nintendo closed out the day yesterday at $19.67. Today, it started out at $21.20 and steadily rose all the way to $21.65, nearly a full dollar better than yesterday.
Tokai Tokyo Securities analyst Yusuke Tsunoda attributes this to invitations that were reportedly sent out yesterday for an event to be held on September 13. Nintendo has declined to comment on the event, which kicks off just two days prior to the Tokyo Game Show (running September 15-18).
More... (http://www.1up.com/news/nintendo-planning-pre-tgs-event-stock-price-jumps)