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Sony Surges On News of PS3 Production Cuts

December 29, 2008 in Industry News comments 7

Sony shares have surged in trading on the Tokyo Stock Exchange due to the BusinessWeek production cut report that was released last week. Shares are now at a two-week high.

Sony has gained 2.7 percent in today’s trading session on the Tokyo Stock Exchange, outperforming the exchange average gain by 2.4 percent.

Today’s surge has sent Sony’s share price to the highest level in two weeks.
capin131 via endsights.com »
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  • 0
    Red 9* Dec 29, 08
    A 2.7% increase isn't what I call a surge, but it's still good news.
    • 1
      Xenctuary Dec 30, 08
      If the exchange's average gain is 0.3%, then I'd say a 2.7% gain is a surge. Even someone who knows nothing of stock trading could tell you that.
  • 1
    iLLmatic Dec 29, 08
    I wouldn't call a 2.7% increase a surge either...if I didn't know how to read stocks.
    • 1
      HisServant77 Dec 29, 08
      You know, ill, I was thinking something quite similar
  • 0
    Final Blade Dec 29, 08
    Good for Sony though. Even if it isn't a big surge.
  • 0
    Dramon Knight Dec 30, 08
    Err that's a pretty small surge actually. Well at least Sony is getting somewhere I guess. But it's not much of a deal at all really.
  • 0
    Slumpy monkey Dec 30, 08
    It is quite a big surge actually. People don't deal with a couple of shares you know. They deal in thousands even hundreds of thousands shares, and when you get to the top dogs, 2.7% is a BIG deal.

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