Despite a $40 million opening for "Casino Royale" and long lines for the PS3, Wall Street is still wary of Sony's stock.
It was a reasonably good weekend for Sony at the shopping malls and multiplexes...but Wall Street didn't see it that way.
Boxes of the company's new PlayStation 3 game consoles flew off the shelves.
And the Sony-produced "Casino Royale," the latest in the James Bond movie franchise, grossed $40.6 million at the box office in the U.S.
Yet shares of Sony (Charts) fell more than 1 percent in trading on the New York Stock Exchange Monday, extending its recent losing streak. Since Sony's stock hit a 52-week high in April, shares have slid nearly 25 percent.
Despite the stock's latest struggles, it's still been a fairly strong year and a half for Sir Howard Stringer, who took over as Sony's chief executive officer in June 2005.
Under Stringer, Sony's first non-Japanese CEO, Sony's stock has gained about 15 percent, largely due to hopes of higher profits fueled by cost-cutting.
But investors may be starting to lose some patience with Sony as the stock continues to slide in what has been a good market environment for other electronics makers and media companies.