Sony’s Stock Rises After E3 Conference

Just before Sony’s E3 press conference, Sony’s stock plummeted to below 1,000 yen ($12.79) for the first time since 1984. So how are things now that the conference is over?

Just before Sony’s E3 press conference, Sony’s stock plummeted to below 1,000 yen ($12.79) for the first time since 1984. So how are things now that the conference is over?

On Monday, the price hovered around the $12.60-70 level, but as the market opened on Tuesday, the price rose to around $13.10. Today, the price rose further to the mid-$13 mark (currently $13.59). Of course, Sony is a huge company, so tons of other factors affect its stock, but it’s important to note that the company has made few non-PlayStation announcements this week.

Wonderbook, which many are predicting to be a success due to the partnership with J.K. Rowling, received a huge amount of coverage from financial sites and newspapers, and was likely a major contributing factor to the change in share price.

It would really have been interesting to see how the price would have changed if Sony had bought Gaikai, but sadly that rumor turned out to be bogus.

- PLS

I might criticize sony alot, but they need to get that Stock up...the worlds economy !!ing sucks as is, and Sony employs a !! load of people. Dont need more good folks losing their ability to take care of their families man.

Hopefully things pick up

the last of us[pic]

And people were criticising the Wonderbook. Sony needs to get their bread somehow. By all means necessary [pic]

PS3 > Xbox 360

You got that from a thread about struggling stock that bounced back a little bit?

One in every crowd. [pic]

No. I got that from their very impressive show at e3 and the extraordinary catalog of games they have.

Anyone who thinks the 360 > PS3 is just adhering to gross mental fanboyism.

[pic]

....I Know "All of Us" Didnt Make The Stock Go Up For Sony. I Hope People Didnt Buy Into That "Book of Spells" !! [pic]

Maybe Some People Still Got Their Hopes For That Playstation Phone Making A Change. Whatever It Is...It Got The Stock Up.

Wasn't the original purpose of e3 to impress shareholders?

Or maybe he just likes the PS3 better. Seeing how he posted PS3>360 in a PS3 thread, I don't know what the problem is.

And at the same time jezzmans!! rises

What insignificant growth. 11% seems nice on paper when your stock is that low. We'll see it sustains.

[pic]

You damn right it did! It's that PS+ son! [pic]

1% or 10000% doesn't matter going up is up...and if it went down even 1% there would be a bunch of threads saying how it went down...

[pic] [pic] [pic]

[pic] How many times has Sony's stock dropped the past decade?

If there were threads made every time Sony's stock went down, Ronnie would need to create a new sub-forum just to contain Sony's Ls. [pic]

Actually, it's been going down for a while and there haven't been many threads about it. The main threads about Sony's financial performance have been with layoffs, restructurings, and credit ratings.

there were three threads about it that got moved to the streets, and there's still at least one maybe even two on the third page (probably fourth or fifth page by now) about it...