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Uh, is there a reason why Nintendo stock just jumped 700 yen to 15,020 yen per share?

T

Tripon

Member
https://www.google.com/finance?q=TYO:7974&ei=yqbMUpjmBZPKsQeJ6AE

So Nintendo's been trading mostly around 12,000 yen most of the year as the Wii U has struggled, and jumped to a little under 14,000 yen around the holidays. So I checked today, and Nintendo's stock just jumped 700 yen for little reason. Week 52 Media Create/Famitsu news was good but not great for Nintendo, and they haven't made any news that would impact their projections in a while. Heck, news about Nintendo having to pay a royalty to Tomita Inc. have become widespread recently. (The original decision was in mid December, but that news barely moved Nintendo's stock positively or negatively.)

If anything they allowed Sony and MS to make great PR speeches.

So why the heck did Nintendo stock just jump 700 yen?
q34RSsq.png


Edit: Nintendo just jumped another 300 yen to 15,300. WTF is going on?!?!?!?!

g6rGl3v.png


Edit 2: Nintendo just jumped up again to 15,8020 yen. That's 10.50% and a 1,510 yen increase in one day.

J9utxpT.png
 
7

7DollarHagane

Banned
delta25 said:
Big announcement coming that only the shareholders know of?
Click to expand...

It would be highly illegal for any single thing that affects a company's stock price that much to be secret to only a limited group of persons. Also shareholders aren't privy to secret information, and it wouldn't stay secret for long - it's in their interest for the stock to sell and price to increase.

This is likely due to some factor external to nintendo, like mentioned before a large buy of stock.
 
D

delta25

Banned
7DollarHagane said:
It would be highly illegal for anything that affects a company's stock price that much to be secret to only a limited group of persons.

This is likely due to some factor external to nintendo, like mentioned before a large buy of stock.
Click to expand...

Rumors coming from reliable sources perhaps ?
 
T

Tenki

Member
They finally bought Sega.

And more seriously, what happened with Yamauchi's stock? Did Arakawa get it?
 
O

oconnomiyaki

Member
Speculation that Nintendo will have to pull the plug on hardware at Q3 and trying to get in on the ground floor before a huge jump in stock price due to the desirable potential of Nintendo games on iPhone?

I am joking.
 
R

Relix

he's Virgin Tight™
Probably merged splits, opposite from a share split. Increases value, less shares on market.

(Oh fuck makes no sense. Thought it was originally at 700 yen share. Whoops).
 
A

Aquamarine

Member
Tenki said:
They finally bought Sega.

And more seriously, what happened with Yamauchi's stock? Did Arakawa get it?
Click to expand...

We haven't found out yet. We know that, as of December 25th, Yamauchi is officially no longer the owner of the stock due to "inheritances," so presumably Arakawa has shares.

But, Nintendo may want to initiate a share buyback...that's probably under discussion at the moment.
 
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