Stock Report: June 9-13
US stocks declined slightly for the week, with most videogame companies following suit
US stocks rose slightly on Friday, but not enough to avoid an overall decline for the week.
The S&P 500 Index finished the week down 0.04 percent at 1,360.03, with the Dow Jones Industrial Average at 12,307.35 - up from last week's 12,209.81 - and the NASDAQ Index down 0.8 per cent to close at 2,454.5.
The stock value of many companies in the games industry declined this week, with the exception of Activision - nearing completion of its merger with Vivendi - and Microsoft, whose value has increased since it abandoned its bid for Yahoo!.
According to NPD Group data released this week, the US games industry has generated USD 6.6 billion in sales for the first five months of 2008 - exceeding the total annual revenues for 1997 and putting it on pace to achieve yearly revenues in the range of USD 21 - 23 billion.
Selected stock movements in the past week (at time of writing):
| Microsoft | 27.49 - 29.07 | +5.75% |
|---|---|---|
| Activision | 34.02 - 34.37 | +1.03% |
| Midway | 2.44 - 2.45 | +0.41% |
| EA | 47.55 - 46.99 | -1.18% |
| Namco Bandai | 13.24 - 13.07 | -1.28% |
| Nintendo | 583 - 575 | -1.37% |
| Infogrames | 11.66 - 11.50 | -1.37% |
| Konami | 34.43 - 33.90 | -1.54% |
| THQ | 21.69 - 21.06 | -2.90% |
| Take-Two | 27.36 - 26.47 | -3.25% |
| Sony | 50.30 - 48.66 | -3.26% |
| Ubisoft | 59.93 - 56.87 | -5.11% |
| SCi | 52.25 - 49.5 | -5.26% |
| Sega | 10.85 - 10.20 | -6.34% |
Please note that stock prices on differing markets may be influenced by separate local events, and shouldn't necessarily be compared like for like. This list is not a ranking of total market valuation; selected stocks only. Prices given in local exchange currency, except Tokyo stocks, which are converted into USD.