Nintendo’s stock Has Now Stabilized After Iwata’s Announcments

Nintendo Stock

1st of all I should point out that not even a month ago, Nintendo’s Stock went up 20%, then after Iwata’s announcements it got slammed down 17% so it is still overall up by 3% from a month ago…Still isn’t great though.

Earlier we saw Nintendo have a sharp decline in its stock value to the tune of 17% after it slashed sales forecasts. Now the stock seems to have stabilized and is only a dollar or so less per stock than before the announcements. Before the announcements last week, Nintendo stock was trading at around $17.60 per share, while a close look at it this week shows it’s trading at around $16.40, which is only $1.20 less than it was a week ago.

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