Business & Finance
Sony Needs More Than ‘GTA’ and Spider-Man to Lift Stock Further
Key Points
Sony Needs More Than ‘GTA’ and Spider-Man to Lift Stock Further Investors are looking for reassurance on longer term earnings stability from Sony Group Corp. to help extend the nascent rebound in its shares. Sony’s stock has gained about 6% versus a month ago, outperforming the Japanese market on excitement over its near-term profits. Analysts expect boosts from the latest Spider-Man movie in the September quarter, and from holiday season sales for the hotly anticipated Grand Theft Auto VI.
Sony Needs More Than ‘GTA’ and Spider-Man to Lift Stock Further
Investors are looking for reassurance on longer term earnings stability from Sony Group Corp. to help extend the nascent rebound in its shares.
Sony’s stock has gained about 6% versus a month ago, outperforming the Japanese market on excitement over its near-term profits. Analysts expect boosts from the latest Spider-Man movie in the September quarter, and from holiday season sales for the hotly anticipated Grand Theft Auto VI.