The Latest Breaking News from NTDOY

Gaming has evolved from a leisure activity to a more serious endeavor. Growing internet penetration and the adoption of advanced technologies make this industry well-positioned for expansion. Considering these factors, it could be wise to buy fundamentally strong entertainment stocks. Nintendo (NTDOY), PLAYSTUDIOS (MYPS), Playtika (PLTK), and JAKKS Pacific (JAKK)…

The gaming industry has evolved from a leisure activity to a more serious endeavor. Growing internet penetration and the adoption of advanced technologies make this industry well-positioned for solid growth. So, let’s analyze whether Nintendo (NTDOY), Activision Blizzard (ATVI), and Electronic Arts (EA) are a Buy or Sell. Keep reading.

On Wednesday, shares of Nintendo Co., Ltd. (OTC: NTDOY) experienced volatile short activity. After the activity, the stock price went up 2.45% to $56.92.  The overall sentiment for NTDOY has been Neutral.

Saudi Arabia's Public Investment Fund (PIF) scooped a 5.01% stake in Nintendo Co, Ltd (OTC:NTDOY), Reuters reports. PIF has also launched its own video game and e-sports company, Savvy Gaming. Also Read: Nintendo Declares 10-1 Stock Split After Posting 4% Sales Decline In FY22, Weaker Guidance PIF invested in video game companies Nexon Co Ltd (OTC: NEXOY), Capcom Co…

Nintendo Co, Ltd (OTC:NTDOY) reported an FY22 net sales decline of 3.6% year-on-year to ¥1.7 trillion. Stock Split: Nintendo declared a 10-1 stock split effective October 1, potentially propping up the shares as it struggled to revive a five-year-old Switch console and overcome a global chip shortage, Bloomberg reports. Even when production and deliveries return…

Rio Tinto PLC (NYSE:RIO) became the first leading miner to suspend trading relations with Russian businesses, Reuters reports. Japan's Sony Group (NYSE:SONY) and Nintendo Co Ltd (OTC:NTDOF) (NTDOY) also halted deliveries of their gaming consoles. Credit Suisse Group AG (NYSE:CS) flagged a ~$900 million Russian credit exposure. Hitachi Construction Machinery Co Ltd (OTC:HTCMF) (OTC:HTCMY) looks to stop exports…

Nintendo Co Ltd (OTC:NTDOY) reported a net sales decline of 6% year-on-year to ¥1.32 trillion for the nine months ended December 31, 2021. Dedicated video game platform sales declined 6.1% Y/Y to ¥1.28 trillion. Mobile, IP-related income sales reduced 5.2% Y/Y to ¥39.8 billion. Playing cards, etc., sales rose 57.8% Y/Y to ¥2.1…