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Investor snapshot: Game stocks edge higher
Investor snapshot: Game stocks edge higher-October 2024
Oct 31, 2024 3:12 AM

  Game stocks saw another quiet day on Wall Street Tuesday, most finishing slightly higher at the closing bell. Retailer Electronics Boutique (ELBO) saw the biggest dollar gain, its share price rising $1.25 to close at $38.10, followed by Electronic Arts (ERTS), whose shares closed 92 cents higher at $64.16. EA's newest PC title, NASCAR SimRacing, hit stores today.

  GameStop shares also climbed 44 cents, finishing the day at $19.69. Shares in THQ Inc. (THQI) edged up 40 cents to $27.41, while Ubisoft (UBSFF) rose 37 cents to close at $41.23. Midway's shares were up by 29 cents apiece after announcing it will publish a line of adult swim-based games. Konami (KNM), Activision (ATVI), Eidos (EIDSY), Take-Two Interactive (TTWO), and Vivendi Universal (V) all saw increased share prices today. Nintendo shares rose 110 yen ($1.05) Tuesday to close at 12,000 yen ($114.68) on the Nikkei 225 Stock Average.

  Shares in Atari (ATAR) dipped 5 cents to $2.60, while Jamdat Mobile (JMDT) dipped by a dime to close at $19.88.

  The Dow Jones Industrial Average continued its steady climb today, ending the day 46.19 points higher at 10,837.32. The NASDAQ Composite rose 6.3 points to 2,089.21. Marketwatch cited gains among semiconductor, Internet, and computer-hardware stocks as the basis for the day's increases; in other news that affected the markets, researchers at Gartner Inc. reported that the mobile-computer market could boost PC shipments as much as 9 percent this year.

  In the foreign markets...

  Europe's exchanges rose by a few points today, buoyed in part by a report showing increased economic optimism in Germany. Sony Ericsson shares moved up 1 percent after the mobile phone maker announced it will produce Walkman-branded phones that can play music. The Nikkei 225 also finished higher, up 14.29 points to 11,646.49. Shares in Elpida Memory spiked 5.8 percent after the chipmaker announced plans to boost its DRAM market share to 15 percent in the next fiscal year. Elpida revealed last week that it will produce DRAM for Sony's next-generation console, commonly referred to as the PlayStation 3.

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