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Updated · MarketWatch · Apr 28Nintendo ADR falls 1.37% amid fourth straight day of losses
9 articles · Updated · MarketWatch · Apr 28
- Nintendo's ADR closed at $12.21 on Tuesday, 51% below its 52-week high of $24.92, with trading volume reaching 3.5 million shares.
- The decline occurred during a broadly negative market session, as the NASDAQ dropped 0.90% and the Dow Jones slipped 0.05%.
- Nintendo's performance contrasted with competitors, as Hasbro rose 0.90%, Sega Sammy ADR fell 5.97%, and Take-Two Interactive dropped 0.36%.
Nintendo's profits are soaring, so why is its stock price in a freefall? Is Nintendo's entertainment empire strong enough to survive a perfect storm of headwinds? How will Mideast conflicts and shipping disruptions affect the holiday stock of the Switch 2? Will the global 'RAM crisis,' fueled by AI, force you to pay more for a Switch 2? With Switch 2 production cut, can a new Mario movie reverse the company's slide? Is the entire video game console industry facing a crisis as AI devours memory chips?