Something very strange about Nintendo’s share price has been discovered today.
An hour before Nintendo of America President Reggie Fils-Aime announced his retirement and passing the baton over to Doug Bowser, Nintendo’s share price skyrocketed by 4% in just 15 minutes. This is considered very unusual activity:
A share price increases rapidly in a short span of time when many purchase orders come in, so someone could have known about the announcement in advance and bought many millions of shares in a few minutes. As to why they decided to do it today, we have no clue.
Keep in mind this only affected NTDOY in the US, which is 1/8th of Nintendo Co Ltd’s actual stock on the Tokyo exchange.
What do you think? Let us know in the comments.