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Nintendo stocks rise by almost 5% following the NX trailer announcement

This comes from a Bloomberg report...

''Underscoring the keen interest in details about NX, shares of Nintendo surged as much as 4.6 percent at midday in Tokyo on Thursday, adding more than $1 billion in market value in their biggest rally in a month. The stock is up more than 50 percent this year, mostly buoyed by Nintendo’s shift to embracing smartphone games.''

Categories: Media, Consoles
Tags: nx

Comments

I fully expect the stock to drop after the announcement as it often does after a hardware reveal. I wonder why that is?

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