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Microsoft Stock Increase from Halo 3 Nearly Matches Halo 2 Bump
by Carlos Bergfeld, Sep 25, 2007 4:45pm PDTWith trading closed for the day on Wall Street, shares of Microsoft buoyed by today's launch of Halo 3 were up to $29.56, a 1.651% increase over yesterday's closing price. The increase doesn't quite match the grav lift of greenbacks Microsoft received from the game's predecessor Halo 2, which gave the company a 1.673% increase at the end of its November 9, 2004 launch day. The increase can't be attributed solely to Halo 3 hype though, as talks of Microsoft investing heavily in social networking megasite Facebook have spurred investors as well. Oddly enough, rival game giant Nintendo actually stole most of the attention of the stock market world today, closing on the Tokyo Stock Exchange with a 3.1% increase on Microsoft's own Halo 3 launch day. For the record, shares of PlayStation 3 provider Sony closed today on the New York Stock Exchange after a 1.373% decrease.
Comments
If, on the other hand, MS released sales numbers that Halo 3 was performing better than expected, attributing the increase to the news might make sense. Since it doesn't look like this data has come out, I think this blurb is just misinterpretation.
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