Nintendo Stock Hits Its Highest Point in Two Years
Posted by Tim Latshaw
3DS sales, new games thought to fuel rise
The stock market can be a fickle creature, rising and falling on investors’ whims, but for today at least Nintendo has a high mark to celebrate.
According to Bloomberg, Nintendo jumped four percent in Tokyo trading to close the day at 14,050 yen, the highest closing price since July 2011.
Speculators are looking at several reasons for Nintendo’s upward trend, including increased revenue from 3DS sales and titles such as Animal Crossing: New Leaf overseas. A report that China may be lifting a ban on consoles is also coaxing investment.
Changes in the Japanese stock market have also put Nintendo in position to potentially join Sony on the Nikkei Index, a listing of notable stocks similar to the United States’s Dow Jones Industrial Average.
Do you think Nintendo’s stock will continue to rise through the rest of the year? Let us know below.