- Nintendo's shares performed well after the company released its full-year 2022 financial results, but the positive stock price reaction is attributable to Nintendo's proposed stock split, and not its earnings or guidance.
- Nintendo announced a 10-for-1 stock split that is proposed to be effected in October 2022, and this could help the company attract more individual investors to become its shareholders.
- Nintendo stock is a Hold, instead of a Buy or Sell before its announced stock split, as the company's near-term outlook isn't great.
For further details see:
Is Nintendo Stock A Buy Or Sell Before Announced Stock Split?