Pokémon GO's Popularity Highly Credited For Nintendo's 7 To 1 Buys V. Sells Data On TDAmeritrade

Nintendo Co., Ltd (ADR) NTDOY saw its stock surge on Monday as Pokémon GO became the latest must-have mobile game everyone is playing.

Nicole Sherrod, head of TD Ameritrade's trading product development and business strategy tweeted on Tuesday that Nintendo's U.S.-listed ADR was the eighth most traded stock among TD Ameritrade's clients on Monday.

Sherrod's tweet added that total buys outweighed sells by a factor of 7 to 1.

Speaking to Benzinga, Sherrod clarified a popular misconception that ADR stocks aren't actively traded. In fact, she said that it is "not that uncommon" for an ADR stock to be among one of the top 10 most traded issues.

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In this particular instance, Nintendo also benefits from being a "well-known brand name," and the company and its Pokémon GO game have been "highly discussed" across social media and business news platforms.

On the other hand, Sherrod said it is a "little unusual" that the number of buys outweighed sells by "such a large degree."

"That tells me that people are staying in the position overnight," she added. "This could signal a little more conviction."

However, Sherrod is waiting for Tuesday's trading data to complete before coming to any conclusions or sharing more information.

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