By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Sony - Sony's stocks fell below the 52 week range. Lowest since 1993. May 11th stock info.

 

This is...

Not good 76 62.81%
 
:-( 45 37.19%
 
Total:121

http://www.google.com/finance?q=NYSE:SNE

Two days ago, the stocks opened at 16.37 and had a low of 16.17 for THAT day. Yesterday it opened at 16.28 and had a low of 16.11 (That frst broke the 52 week low of 16.16). Then today, the stocks further broke the 52 week low 15.78. 

Sony's stocks werent these low since Dec 1993 and the ten year low was 16.28 that happened in 2009.  

A bit of history: Sony's stocks used to be 141.3 in 2000

This is not a good start for Kaz's CEO career.

 

 

 Update : --------------------18 hours after this post was made.---------------------------

 

- Sony again reached a NEW 52 week LOW of 15.61 today compared to the low of 15.78 yesterday. 

 

Update : --------------------24+ hours after this post was made.---------------------------

- Sony again reached a NEW 52 week LOW of 15.45 today compared to the low of 15.61 yesterday. 

 

Update : --------------------48+ hours after this post was made.---------------------------

- Sony again reached a NEW 52 week LOW of 15.20 today compared to the low of 15.45 yesterday. 

 

Update : --------------------5 days after this post was made. May 7---------------------------

- Sony again reached a NEW 52 week LOW of 15.15 today compared to the low of 15.20 last friday.  

 

Update : --------------------6 days after this post was made. May 8---------------------------

- Sony again reached a NEW 52 week LOW of 14.85 today compared to the low of 15.15 yesterday

 

 

Update : --------------------MAY 11th Information---------------------------

- Sony again reached a NEW 52 week LOW of 13.97 today compared to the low of 15.15 two days ago. They enjoyed couple of days of Recovery May 8th to May 10th. Butthe LOW was shattered after publishing its disappointing financial reports of the Playstation. (Ps3 shipping and PSV shipping) 

 

 

 



Yay!!!

Around the Network

Given the financials of the company at the moment im not surprised at all that there has been a slump in the stock but if Kaz can do what he is planning with the company then they should see this rise again steadily over the coming year. It all depends if they can either drastically reduce these losses or even get the company back into the black quickly!

If they are smart with the cutbacks and layoffs then they should be able to post a modest profit overall for the end of the year but im not confident that they will do what needs to be done for this to happen, i.e. basically pull out or drastically reduce their TV sector...



It's a result of the market finally paying attention. Sony gets a new CEO, lays out a new plan for where its product concentrations are, and the market starts analyzing the company's recent history instead of looking at future potential. They get scarred and stocks drop. But Sony could be a good company to start looking towards getting some stock in. They very well could be bottoming out and gearing up for a much better business outlook in the next few years. I hope their stock stops shrinking, people are placing too much weight on their past. They have a new CEO and all people are concentrating on is their shortcomings?



Before the PS3 everyone was nice to me :(

The financial numbers are coming up?



 

Meh, it's no surprise to me. They need to change their market strategies



Around the Network

Their stock im expecting is going to make many people very wealthy.

3.6 billion of their loss was a tax write-off, i.e. not theirs in the first place. Coming from their actual bank account, the original loss forcast of about 2 billion USD is still pretty acurate.

But people see big numbers and immediately assume the worst.
Reading their annual financial statement, each quarter of 2011 showed improvement from 2010 (asside from the first quarter with the tsunami), sometimes even marginally profiting , it wasnt until Q4 with the tax business that really damaged their overall year.



Im going to invest in the next couple weeks before e3.



If u want to invest I suggest THQ. Their stock is at .70$. They have bottomed out, and should start to see gradual increases till holiday season. Plus with darksiders 2 coming this year that should help improve over quarter results. Now I'm not saying bet everything u have, however THQ was a 40$ stock at one time. @ .70$ u can easily grab 1000 block of shares for 700$. Even if it jumps to only 5$ that's still 5 grand in your pocket :). Think of all the wii u games you can buy ;)



^This is what I did with Majesco stock. I bought a ton of it when it was about $0.50 and sold it after it hit $4.00 for a 800% profit! I should have bought a lot more than I did at the time, but you can never be completely sure.



theprof00 said:
Im going to invest in the next couple weeks before e3.

That could pay off very well, unless they have another "$599" moment.