Now Well Above $5 a Share
Sega’s parent company, Sega Sammy Holdings, is quietly making huge inroads with investors, rising nearly 15 percent in the past month on almost nothing but Super Monkey Ball 3DS and the release of its non-Sonic schedule for the year.
Today, SGAMY hit another 52 week high of $5.35 a share before closing at $5.32. That’s a 3.3 percent increase today alone, and it continues the momentum that started at the beginning of the trading week Tuesday, when the stock opened above $5 a share–the first time levels like this have been seen since June 2007.
We’re still waiting on how pending Sonic announcements for the 20th anniversary will impact the stock. When Sonic 4: Episode I was announced in February 2010, the stock ticked up a notch, then fell to a 52 week low. Will the same happen here? It won’t be long now before Sega shows its hand.
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SEGA are becoming awesome again. With more money, they can actually put more effort into the new Sonic games. C’mon, SEGA, I hope it’s Sonic Adventure 3!