
Sony Stock Recovers from Investor’s Scare Ushered in with Microsoft Activision Acquisition
Sony is also likely to ink new acquisitions in the near future to solidify its position.
Sony is also likely to ink new acquisitions in the near future to solidify its position.
Sony stock has received an average of a ‘buy’ rating from 25 credible analysts. This is a strong indicator that the shares are experiencing a buy pressure and likely to hit its ATH set in mid-march of 2000.
Yesterday Sony (SNE) stock closed with a 2.58% increase, at $83.37. However, today Sony stock is 2.42% down, trading at $81.36.
Sony (SNE) stock is down nearly 5%. The company reported a 57% drop in fiscal fourth-quarter operating profit but claims PlayStation 5 is still on track for the 2020 holiday season.
Sony Corp has released its annual profit outlook beating all analyst predictions. It shows that Sony has had strong sales on smartphone image sensors.
Microsoft and Sony merge to fight competition from Amazon and Google in the provision of cloud gaming services that are expected to take the gaming world by storm in the near future.