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Game publisher stock prices rebound


It's been a horrible year for the stock market and even the so-called "recession proof" game industry has been hit with lower prices alongside nearly everyone else. However stock prices in the US rebounded last week and video game publishers actually did better than the market average

Gamesindustry.biz reports that while the NASDAQ stock market went up 4.6 percent on Friday, Electronic Arts' price was up by 6.89 percent and Take Two Interactive's price was up by 7.21 percent. Activison Blizzard's stock went up 10.38 percent and even financially troubled THQ's stock was up a whopping 11.84 percent on Friday.

Gamesindustry.biz also reports that Capcom's stock price went up to its highest point on the Tokyo Stock Exchange in over five years this week after a financial group announced it was bumping Capcom's rating to "strong outperform". The Mitsubishi UFJ Financial Group believes Capcom's upcoming release schedule will do very well. The company will release Street Fighter IV and Bionic Commando in the first quarter of 2009 for the PC.

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