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Sega Sammy stocks doing OK this week!

August 2, 2010

I guess if you’re a economics geek like me this will make you giggle with joy, as Sega Sammy’s stocks, according to TSSZNews, seem to indicate a healty growth:

You could call it a delayed response to mostly positive earnings news from last week: shares of Sega Sammy Holdings jumped during the trading day Monday to new highs.

At one point, SGAMY was trading for $3.92 a share, a new 52 week high for the investment far and away above anything seen in recent years.  The stock lost a touch of steam in the final hour of trading Monday, but still closed up over 5 percent from Friday’s close to $3.87, a nearly twenty cent increase for the day.

TSSZnews seems to be referring to this particular event as the catalyst for this market share spike. It’s good to see Sega doing well in the stock market in this tough crisis for video games.

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