But Only Slightly
We like to see how investors react to significant Sega news. By far the most important news of Tuesday was the unveiling of Sonic Boom: Fire and Ice for Nintendo 3DS. While it elicited a wide array of reaction on the Web and social media, investors in the parent company Sega Sammy Holdings,while more tempered, didn’t exactly use their dollars as a vote of confidence.
In the domestic markets on the pink sheets, SGAMY closed down a nickel on Tuesday to $3.44 a share. That is a decline of more than 1.4%, and it keeps the stock in the lower echelon of its 52 week trading range, near its low of $3.02. The stock remains up some 8 percent YTA, but the stock is more than 27% versus a year ago.
In Japan, the stock is currently trading down close to 1 percent, hovering near the ¥1700 a share mark. There, Sega Sammy today announced the issuance of more than ¥10 billion in unsecured corporate bonds.