Why Nintendo Stock Got Rocked Today

Many stock market players were avoiding pushing the on switch with Nintendo's (OTC: NTDOY) U.S.-listed equity on Wednesday.An influential researcher pushed its recommendation down one peg, and the Japanese video game company's stock saw a resultant decline. Nintendo's American depositary receipts (ADRs) finished the day down by over 3%, in a session where the bellwether S&P 500 index slid by only 0.1%. The company behind the move was Wedbush Securities, which is known for its coverage of tech stocks. Analyst Alicia Reese reduced her recommendation on Nintendo's Japan-listed equity from outperform (read: buy) to neutral that morning, at a price target of 14,000 yen ($95.36) per share. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool