Friday, August 12, 2016 10:44:22 AM
Investors obviously had not done their research. After riding high on the Pokémon horse, Nintendo announced their limited share in the games developers Niantic Inc and Pokémon Co. on July 22. The correction that Nintendo only had a 13% share in the game drove share prices down on July 25. Nintendo stock fell 11% in its U.S. shares and dropped 18% in Tokyo, the maximum one-day move allowed by the market. On August 1, the stock closed at $25.50, having lost more than half of its gain. What this shows is that many investors do not understand the tech industry and are quick to jump to conclusions about brands – more research is required, and that has to do with understanding tech developments in more depth.
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