Despite the hype and excitement surrounding the Nintendo Switch 2, Nintendo has suffered a notable decline in its share price following the announcement of its upcoming console. Reactions to the Switch 2 are mixed, resulting in immediate negative feedback from the market at large.
This is not big daddy N loosing a bunch of money, this is a market correction. People purchased shares 2 days ago expecting an announcement and the price has returned to normal
https://finance.yahoo.com/quote/NTDOY/?guccounter=1
The shares were at 15.56 and are now at 14.81.
It is still up 2% over the past week, 6% over the last 6 months, an 8.5% over the last year, and a whopping 51% over the last 5 years.
Thanks for the clarification. The headline sounded fishy.
They always do. I remember when EA shares dropped by like 3% in a day after an announcement about a game people were like " it’s the end of EA". But then you look at the graph beyond a week and it was still up be several percent.
Stocks almost always fall after such an announcement.
So basically it’s not falling because of mixed reaction, it’s falling because people cashing in
You could say it is falling because the announcement didn’t meet investors expectations but we must never use that as a gauge of success.
Aka “buy the rumor, sell the news”