Sony (SONY) concluded the recent trading session at $82.38, signifying a +0.94% move from its prior day's close.
The Asian conglomerate updated investors on its share repurchase program. This was launched in mid-May.
Sony (NYSE: SONY ) layoffs are in the news Friday as the PlayStation parent company is cutting jobs at video game development studio Bungie. Bungie is the original developer of the Halo series and is currently working on Destiny 2 and its expansions.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Stocks have been surging for nearly 18 months, causing some companies to pursue stock splits amidst soaring valuation. Sony announced a 5-for-1 split set to occur in October.
Sony (SONY) concluded the recent trading session at $87.32, signifying a +1.5% move from its prior day's close.
Private equity behemoth Apollo Global Management has invested $700 million in high-profile record label Sony Music Group, allowing its clients an opportunity to invest in "high grade" alternative assets.
Zacks.com users have recently been watching Sony (SONY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The latest trading day saw Sony (SONY) settling at $96.07, representing a +0.46% change from its previous close.
Sony (SONY) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
It took many years, but Sony Group's long-running diversification strategy into content finally seems to be paying off amid shifting technology and consumer habits, enough that Morningstar analyst Kazunori Ito on Friday upgraded the company's moat and raised his fair-value estimate of the company by 9 to 12.5 percent, depending on the currency.
Sony acquires and rebrands WhaleFin as S.BLOX Co., entering the cryptocurrency market with new services and collaborations.