Videogame Stock Roundup: SINA, GameStop Earnings In Focus; Microsoft's Solitaire Now On IOS & Android

 | Nov 24, 2016 08:57PM ET

Last week, we had earnings from Chinese media giant, SINA Corp. (NASDAQ:SINA) as well as video game retailer GameStop Corp (NYSE:GME) . We also had Microsoft Corp (NASDAQ:MSFT) bringing its very famous PC game, Solitaire to iOS and Android operating systems.

Recap of the Developments

1. Earnings

SINA Computer and Technology Sector Price Index

Performance

The following table shows the price movement of the major video game companies over both the past five trading days as well as the last six months:

Company

Last 5 Days

Last 6 Months

ATVI

-5.46%

-4.51%

EA

2.45%

5.31%

GLUU

17.35%

-8.00%

MSFT

2.32%

17.08%

NTES

-1.27%

33.09%

TTWO

1.11%

26.48%

ZNGA

-1.38%

11.33%

Over the last five trading sessions, Activision (NASDAQ:ATVI) was down 5.46% while Glu Mobile (NASDAQ:GLUU) was up 17.35%.

Over the last six-month period, NetEase surged the most (33.09%). Recently, NetEase reported solid third-quarter 2016 results. The increasing popularity of mobile-based games and the strength of PC games (licensed & self-developed) continue to keep investors interested in the stock. Moreover, higher mobile advertising revenues were an added incentive. NetEase has announced a new $1 billion buyback program for its ADRs over a one-year time frame.

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Glu Mobile was down 8.00% over the same time frame due to the underperformance of most of its releases. Its weak third-quarter results were somehow overshadowed by the announcement of a new CEO and acquisition of a majority stake in CrowdStar.

Want to learn more about video game stocks? Make sure to check out our podcast below!

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