Nintendo Shares Soar To Highest Point In More Than A Decade

And this time the climb seems a bit more sustainable!

Dang. I should have bought the other day.

Just look at those pathetic Wii U years yikes! Would be even worse if not for the 3ds keeping them afloat for those years.

@Spoony_Tech And those GameCube years. Those look even worst.

I imagine the PS5 release to be scheduled in 2021 would also factor in. Stock holders will fear a decline in sales as soon as the PS5 releases, but that won't happen this year and might even be late 2021 as Sony didn't want to commit to a month as of yet.

@CarterDucote The PS5 releases holiday 2020. Obviously that's not a month, but it does confirm 2020, not 2021.

Who's buying stock at that level given the current global economic circumstances?

Does somebody know there's some big announcement of epic proportions coming?

1-2-3 Switch? Vroom in the Night Sky 2 exclusive?

"shares soar", weeeeeeeeeeeeeeee

I think it's because of speculation regarding next gen pricing. The cheapest system this holiday will likely be the best selling one.

Thank you Lego Mario.

That bunny jump rope game sure gave investors some hope for Nintendo in 2020

I have 5 shares and have made $46.44 so far . I’ll never retire on this but it’s enjoyable to have just a little bit of Nintendo. At some point I may earn enough to buy a full price, first party game. Gawd knows I’ve given enough cash to this company down the years.

Remember kids: always invest what you can afford to lose, shares go down as well as up, although the market trend is to go up over the long haul.

@Grumblevolcano I suspect you’re right here. So much financial insecurity in everyone’s lives I’d image people are going to be very cautious spending money on non essential, pricey electronic goods this Xmas/holiday season. A Switch is a good purchase and offers a ton of entertainment for the family at a reasonable price (ish).

@Grumblevolcano the markets are 100% speculation. However, Nintendo has always been a decent stock to keep, whether good or bad from their lineage and time. Besides, stock prices really don’t affect every day consumers, it’s a forecast toward consumer trends and for billionaires to legally and protected gambling.

@Matthew010
Ah I must have been wrong about that.
I'm not that interrested in the PS5 as I'm always playing in handheld.
So I skimmed through the PS5 video, I thought it said release 2021, but it might have been about one of those games.

I'm guessing all video game stocks are looking pretty good these days. Pretty much every video game system is selling like hotcakes. I haven't seen a video game system in stock at the store in weeks.

The Stock Markets is a load of malarkey. Goes up no matter what is going on right now like unemployment and the Increasing cases in at least 21 states.

Glad I picked some up back during the doom and gloom of the Wii U days. Just wish I’d bought more

Side note: I think Nintendo will reach 5 billion games sold, until the end of year.
It’s currently in 4,9.

"while the other could be a result of people anticipating a second wave of coronavirus pandemic lockdowns, which could go on to cause another spike in video game sales."

That is a morbid reason for any company's stock price to go up.

s t o n k s

Nintendo has unlocked the achievement for "Playing the Stalk Market."

I own 5 shares.......but where it goes day to day doesn't really matter I don't plan on selling it for a good 20 years.

@gcunit The elite don't care about the economic reality for the masses. The stock market is nothing but gambling for the wealthy.

But also, Japan isn't nearly as badly messed up right now as the US is. It's not a utopia of course, but it doesn't have nationwide mass protests, 14% unemployment, and 120k dead and 1.1 million active cases of COVID-19.

Good for the Norwegian Oil Fund too which owns a chunk of Nintendo.

I think this info isn't legit. I mean, look at that drop around 2003. We had the gamecube back then, the greatest console of all time. Stocks should be through the roof.