Just before Sony’s E3 press conference, Sony’s stock plummeted to below 1,000 yen ($12.79) for the first time since 1984. So how are things now that the conference is over?

On Monday, the price hovered around the $12.60-70 level, but as the market opened on Tuesday, the price rose to around $13.10. Today, the price rose further to the mid-$13 mark (currently $13.59). Of course, Sony is a huge company, so tons of other factors affect its stock, but it’s important to note that the company has made few non-PlayStation announcements this week. Wonderbook, which many are predicting to be a success due to the partnership with J.K. Rowling, received a huge amount of coverage from financial sites and newspapers, and was likely a major contributing factor to the change in share price.

It would really have been interesting to see how the price would have changed if Sony had bought Gaikai, but sadly that rumor turned out to be bogus. 

Source

Trust in Kaz!

You know what the sad thing is, it is most likely wonderbook that would make investors get excited. (sorry poor wording on my part, since it could be something else like kowen mentions the real reason). 

Correlation =/= causation. I'd be surprised if this has anything to do with E3, and even if it has, it's more likely to be because of Nintendo's conference than Sony's.

that rise is so small,it's not even worth mentioning.

Does this mean Sony is saved and we can stop putting nails in their coffin? lulz

When is this again? Would be sometime in July right? 

Didn't nintendo's stock also go up?

kowenicki is right, E3 had nothing to do with it.

Make.Believe

Most gaming stocks are still trading near or around multi-year/life time lows. The prospect for gaming is not that great and its prospects are not improving. Alot of things needed to happen that was right in order for most of these gaming stocks to get out of their rut, and it wasn't shown with this e3.

I love Kaz.

Also, I love how Kowenicki is getting his knickers in a twist trying to explain that "ITS NOTHING TO DO WITH E3!!!".

The title of the article just reads "Sony stock rises after E3 conference". I know they hint at it having something to do with E3 (Wonderbook, lol) in the article (it's a Playstation website after all!), but it doesn't say "Sony stock rises because of E3 conference", so you can put your pants back on for the time being and ready your pitchfork for another day, which I'm sure is coming - don't you worry!