Although gamers are outraged over the sustained PlayStation Network Hack, investors and stock traders, Sony’s real corporate influences, are even less pleased with Sony’s performance. That is why that since the few weeks of the PlayStation Network incident, Sony’s stock has dropped over 2.08 billion. Investors are trying to get rid of that thing like it has a highly communicable disease.
An article over at Save and Quit Gaming explains the economics behind this estimation:
The market cap for Sony is at 28.19 billion, the last traded price was at $28.06 per share. By dividing the market cap by the last traded price you can figure out the total shares outstanding which is roughly 1.004 billion. The closing trading price on 4/20 was 30.14 per share. The closing trading price on 5/6 was 28.06 per share. If you subtract the two you get a 2.08 stock loss. If you take the 2.08 stock loss and times it by the total shares outstanding of 1.004 billion you therefore get 2.08 billion dollars in lost stock profits.
From a stock trading standpoint, now would actually be the time to buy the Stock, which would help Sony somewhat but help you out a helluva lot more. I’ve actually just started the whole stock trading thing myself, so this may be the time for me to buy, buy, and sell short.