Domestic Stock Up 10%, JP Stock Up Nearly 7%
It appears the unexpected unavailability of Sega Sammy’s third quarter earnings report on Tuesday only temporarily spooked investors.
After the domestic stock dropped some 27 percent for a brief period on Tuesday, SGAMY rebounded in a big way once the Q3 report was made available. It closed Wednesday up 40 cents to $4.35 a share–essentially back to where it began in trading on Monday.
In Japan, the company stock rebounded over six and three quarters percent for their trading day Wednesday, closing up 106 yen to ¥1,624 a share.
The moral of the story: Be on time with important documents. We’ll dive a bit deeper into Sega Sammy’s latest earnings report shortly.