Ubisofts stock tanked this morning ahead of the markets opening

Destide@feddit.uk to Games@lemmy.world – 515 points –
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“Tanked”

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19% is a hit but I wouldn’t call it tanked.

Some stocks are just volatile. Here is the full history:

Whenever I see social media say something dropped/jumped, I do the same thing as you - I visit the portfolio and take a birds eye view.

I still think about the one time redditors celebrated a company's stock dropping by 90% over the last day.

But what the picture left out was how the company was climbing by 1000% in a week before dropping.

A drop this severe is tanking. Even with a stock history like the one from Ubisoft.

did ubisoft make face masks or something wtf happened in 2020

WTF you think happened in 2020? No one could leave their house, so video game went gang busters.

I worked at a video game retailer then, and it was the busiest we've ever been.

that makes sense lol, it's been a long time since I've been in a video game store