After Labo presentation- Nintendo stock at highest level since September 2008

[Thaddaeus02]

habam said:

XD84 said:

Nintendo's stock reached its highest peak since September 2008. Obviously the shareholders have high expectation that Nintendo Labo will be successful. 

Source: https://gonintendo.com/stories/300006-nintendo-stock-hits-a-9-year-high?page=1

 

Nintendo's newest venture has a high potential to sale a lot with only taking a low risk. What could be other reasons why the stocks are at its current level?

Uhm I just rechecked, it was over 60k in july 2008 and currenty is just 48k

"Nintendo's stock reached its highest peak since September 2008."