Saudi Arabia is now the fifth-largest Nintendo shareholder. The Saudis continued their spending spree in the gaming industry with a significant purchase of Nintendo stock. This is the latest in a string of Saudi investments within the gaming industry. The company has stakes in American publishers Activision Blizzard, Electronic Arts, and Take-Two. It also has … Read more
Baird is no longer offering stock ratings for GameStop, the company announced today. “We are temporarily suspending our rating and price target until the company more clearly articulates new management’s business strategy, which should also allow investors to better assess the company’s intrinsic value and prospects for future free cash flow generation. Our final rating … Read more
The company behind the free-to-play game Roblox is off to a strong start on Wall Street. Today’s initial public offering saw the stock – which is listed as RBLX – close up nearly 55 percent to $69.50 per share on Wednesday. At one point during the day, the stock traded at nearly $75 per share. … Read more
The online trading platform Robinhood limited the purchase of a number of stocks early Monday. Among them are GameStop and AMC. Robinhood posted an alert shortly after midnight on Monday, February 1 notifying users that they were limiting trading on a number of stocks, including the brick-and-mortar video game retailer and the movie theater chain. … Read more
Robinhood will allow “limited buying” of GameStop and AMC tomorrow, the company announced late Thursday. The soaring GameStop stock took a hit on Thursday as the free trading platform Robinhood froze the stock along with AMC. GameStop‘s stock – which traded as low as $2.80 in April 2020 – peaked at $467 this morning as … Read more
CD Projekt closed the week with a market cap of nearly $8 billion. The company is behind The Witcher game franchise and the owners of the digital game marketplace GOG.com. It has seen its stock rise from around $48 at the end of February 2019 to $84 at the close of trade on February 18, … Read more
EA announced today that the just-released Apex Legends has already topped 25 million players. The free-to-play shooter from Respawn is barely a week old and already outpacing Fortnite, which took 40 days to reach 20 million players. This is leading analysts like Baird’s Colin Sebastian to raise their price target of EA, which has been … Read more
