Nintendo stock up 4%, highest since July 2011
On the coat tails of some of the highest profile releases for Nintendo, the company’s stock has risen nearly 4% to levels it hasn’t seen for nearly two years. The influx of mega hit titles like Animal Crossing: New Leaf have contributed to the jump. It’s also thought that China lifting the ban on consoles has caused a huge jump in the stock as well.
Upcoming releases for Nintendo in the North America region include Mario & Luigi: Dream Team, Pikmin 3, The Wonderful 101, and Pokemon X & Y. It’s interesting to note that according to the NPD group, 225,000 3DS handhelds were sold in the United States just last week. This is great news on top of Japanese Pikmin 3 sales numbers, which amounted to 92,000 for the first two days of being on sale.
Takashi Oba, an analyst for Okasan Securities has strong faith in the stock as well:
“The stock is up from mixing all these factors. The stock is in a upward trend. There may be some investors who are forced to buy back the shares.”
All in all, this is great news for Nintendo as a whole, as even though the Wii U is currently struggling through its launch, the company itself is doing well.