Surprising Results After Major Reveal
To this point, any major Sonic news has impacted parent company Sega Sammy’s stock price positively, if at all. That wasn’t the case today on Wall Street, where Sega Sammy stock took a big hit on the pink sheets, despite today’s formal announcement of Sonic Generations.
This chart from CNBC.com shows that SGAMY closed down 12 cents on the day, to $4.17 a share, a decline of 2.8 percent. Its lowest point was at the close. You will note there was a steady increase throughout the afternoon, after Generations was revealed to the world. But in the last half hour of trading, the stock crashed to its low for the day.
There wasn’t really anything else out of Sega or Sega Sammy to merit such a drop other than Sonic Generations. So while fans are excited to see the next Sonic, this may be an indication some company investors aren’t so pleased with today’s news.
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Weird…
other things happen in the world that affect stock ratings that aren’t related to Sonic. Thats why stockmarket stories like these that are tied to game announcements and so forth are some silly stuff because they’re so far out of videogame news website’s understanding and grasp of the financial world theyre just sensationalist “WHAT DOES THIS MEAN?!?!?!” fodder.
Take for instance one of the leading financial companies on research and analysis on stocks and bonds (Standard & Poor’s) today cast aspersions on the entire US government deficit reduction plans going forward and what that means for the global economy, less money in consumer’s pockets and so forth.
thats weird.
It’s a fair point, Luckett–the financial markets are complicated ones, and something that seems completely unrelated to a company’s stock can have an impact.
That said, looking solely at the percentages, SGAMY did far worse than the whole of Wall Street today, even with that S&P report. I suspect the recent Japan disaster is the big Debbie Downer on the stock, but we’re a month and a half out of that now. This, really, was the ONLY thing Sega did today outside of announcing an XBOX Live sale.
One theory floating around is that there was some dissatisfaction over there not being a Wii version, since that has been the console Sonic has performed best on in recent years. I dunno.
-T
Wii owners are striking back~
I highly doubt this is due to Sonic Generations.
Makes sense. Last time there was a Sonic game exclusive to just the PS3 and XBOX 360… well it was a complete disaster.
@ Luckett @ Tristan Oliver: From a looking at it terms of events those theories do make sense. It’s possible the decline is the result of a sum of negative events rather then just one.
I hate how TSSZNews loves to go and put a spin on things like this. You can’t just say that a change in stocks is directly linked to a game announcement when there could be hundreds of other factors involved. Increase, decrease, right around the time of a major announcement… is just pure coincidence. That’s all. Could a game announcement affect stocks? Maybe. But that’s only one out of hundreds of possible factors to take into consideration.
“There wasn’t really anything else out of Sega or Sega Sammy to merit such a drop other than Sonic Generations. So while fans are excited to see the next Sonic, this may be an indication some company investors aren’t so pleased with today’s news.”
You’re reporting on something you don’t understand. I don’t mean to be rude, but think about these things carefully before reporting on them. That you’re attempting to pin today’s 12 cent decline on investors being displeased with the announcement of a new Sonic game, despite a steady decline in SGAMY’s stock since mid-March (no doubt in part influenced by the earthquake)…is a joke. This isn’t news.
GBlue: Again, a fair point, and I cited the tsunami in my previous comment. However, it’s worth noting the stock, at least domestically, was UP the past week despite a dip mid-week last week–and interestingly, it was up when the box art for this and the new M&S was uncovered. Remember, the Japan disaster has been an ongoing issue since March, and I don’t discount the fact the stock has been on a decline since the disaster. Sega Sammy isn’t TEPCO.
I also know it’s on the Pink Sheets because it’s considered a volatile stock, so the wind speed for all we know could have been a factor.
Give me a little bit of credit.
-T
WHAT THE FUDGE
Sega reveal first proper footage of Generations: Stock slowly rises
Someone has a hands-on go – Classic Sonic physics still not right: Stock plummets.
I kid, of course. I’m sure Classic Sonic’s physics will be just *fine*.
…It’s not like Sega would make the same mistake twice, right?
Well, I would presume that after a “classical downfall” like Sonic 4, that many of these guys logically wouldn’t trust a title like that.
But we game buyers are still excited~
-Micheche
WHAT TH-
Ah, forgot there are more big quakes in Japan lately. That said, it’s sad Western parts of Sega do not do direct development anymore.
“it’s sad Western parts of Sega do not do direct development anymore.”
Nope, after the disaster that was Shadow the hedgehog’s reception and NIGHTS journey of dreams was (mind you, I liked the game but it was obvious that the development team didn’t give a crap to refine a lot of the game elements.) , I think it’s gone for good.