Sony Corp has hit an all time high in 52 weeks this Friday. The stock traded at $22.88, which is really high. Several market analysts recently started talking about this stock, and they obviously noticed the change. The analysts are now showing high hopes for the stock, and the big corporations are also showing lot of interest. It is definitely great news for the company. But this development for the stock is definitely not sudden; the stock actually was doing pretty well for about last six months, so the analysts are now saying this is a very safe stock to invest in.
Sony Corp which deals with operation of imaging products, home entertainment, mobile, sound, movies, music and many other businesses has a market cap of $24.718 billion. An outstanding figure, and now with SNE hitting the all time best will only add to their already huge market share. The company who last issued their earnings at the end of October has now released their current earning and in less than 6 months the company has seen a huge growth in their earnings thanks to the gradual high in their stock.
In fact the all time high of Sony Corp SNE has changed its position in share market. The stock which is mostly treated as a hold stock is now treated as to buy stock, and many major international companies are now buying the stock. In the last few months, the stock showed a record growth and it was beyond the expectations of market analysts. There are very few stocks that showed this much high in this little time. So this will be interesting to see if the company can hold on to their current market growth in the future. The company is constantly associating themselves with new ventures, so there is a good chance that their market growth will sustain for a long time.
Leave a Reply