NTDOY - Nintendo Stock Drops as Investors Fear the Switch 2 Won't Launch Until Next Year
2024-02-20 15:24:46 ET
Shares of Japanese video game company Nintendo (OTC: NTDOY) fell on Tuesday after a Bloomberg report said that the company would delay the release of its new hardware device, the Switch 2. The report came out Friday evening after the market closed.
And since the market was closed over the weekend, as well as Monday, investors couldn't react until today. As of 1:50 p.m. ET, Nintendo stock was down 5%.
First, investors should understand that the Switch 2 console hasn't even been announced yet by notoriously tight-lipped Nintendo.
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Nintendo Stock Drops as Investors Fear the Switch 2 Won't Launch Until Next Year