Nintendo shares slide 10 percent

The stock market doesn't always follow conventional wisdom. Last Thursday, Nintendo reported its sales figures for the last nine months of 2007, revealing that it had doubled its revenues and profits over the same period the year before. While there was an initial spike in the publisher's share price after the news, that gain has since been lost and then some, with the stock dropping nearly 10 percent of its value during Monday's trading. Nintendo shares closed the day at ¥46,800 ($438), down from its previous close of ¥51,800 ($485). The company's stock is down 36 percent from its 52-week high of ¥73,200 ($685), which it hit in October.

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niall774378d ago

just for you people who dont watch the news.

and I mean the real news

not fox news

wiizy4378d ago

why would wii shares slide.. when wii is on top

iceman29294378d ago

this is just people taking their profits and moving it somewhere else, they prob dont think that nintendo can keep up this pace for very long so are looking foreward for the next big thing!