Sega Sammy Stock Hits New 52 Week High, Closes Above $6 / Share Thursdayby Tristan Oliver September 30, 2011
Can Company Continue the Trend in Friday Trading?
A combination of various news regarding Sonic Generations, hype for both Aliens: Colonial Marines and The House of the Dead: Overkill Extended Cut, and a mysterious teaser message in Japanese posted to both Twitter and Facebook may have contributed to a rally of Sega Sammy stock Thursday on the pink sheets.
SGAMY closed just short of fresh 52 week high, up nearly 5 and three quarters percent on the day. The stock topped $6.10 a share before leveling off a bit to $6.08 a share. It is the first time the stock has closed above the $6 mark in nearly four and a half years.
With the Holiday shopping season fast approaching, assuming the rest of the economy can find its footing, it’s not out of the question this upward trend could continue.