Sony cloud news stings GameStop, shares -8.4%

Shares of GameStop (GME -8.4%) are getting smacked around after Sony announces more details on its cloud gaming platform.

Though the development wasn't wholly unanticipated, it does wind up the countdown clock for when the physical game model will be considered obsolete.

A mid-day downgrade on GME from Stifel Nicolaus to Hold from Buy related to the Sony news is also swaying some investors.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs