Sega Sammy Stock Up More than 7.5% on Sonic CD Demand

– December 15, 2011

Despite Anarchy Reigns Delay, a “Sonic Boom” in Stocks

Christian Whitehead may not have only won over fans with the RSDK backed re-release of Sonic CD; after today, he may also have won over the group that ultimately matters: Investors.

Shareholders shrugged off word of Anarchy Reigns getting another delay to July. Instead, they likely looked at the incredible demand and praise for the Sonic CD that’s coming to a head across the Internet today. At least, that’s the only thing we can think of that would contribute to a 7.57% stock spike, lifting SGAMY well over the $5 mark to $5.26 a share on the pink sheets. The share price was even higher at points during the day–nearly touching a 9 percent increase–before cooling off a tad.

To be fair, the stock was down a bit over a percent yesterday, but that was before the mobile ports were released, and on iOS at least, they are taking off. Volume within the stock was higher than usual as well, with more than 45,000 shares changing hands today.

We will see in the coming days whether this momentum can hold, on both the business and reaction front.

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theroonco

Posted December 15, 2011 at 5:09 PM

*whistles*

darkgomugomu

Posted December 15, 2011 at 5:10 PM

Well there is no circumstance which Sonic CD can’t handle

sonikdude101

Posted December 15, 2011 at 5:23 PM

Looking at all the praise and accolades Taxman and his engine are getting, there’s no way he hasn’t not been offered a job at SEGA.

Lucas Hinz

Posted December 15, 2011 at 5:37 PM

Now… I waiting for Desert Dazzle

Stephan

Posted December 15, 2011 at 5:53 PM

“Despite Anarchy Reigns Delay, a “Sonic Boom” in Stocks.”

…………. XD

QuietGuy92

Posted December 15, 2011 at 6:16 PM

Sega of America should acquire Whitehead and his RSDK engine ASAP. Give him his own team and studio and put them to work on other classics like Streets of Rage or Comix Zone or even Shining Force 2 or Phantasy Star 4.

With the same love, care, and dedication that was given to Sonic CD, it would put SOA being a leading digital game developer/publisher on the map.

Esrever

Posted December 15, 2011 at 7:38 PM

Correlation is not causation, man. Sonic CD is awesome and I’m sure it’s going to sell great, but come on… it’s way too small a portion of Sega/Sammy’s overall business to have any effect on share prices.