Market Overview

Nintendo Is Soaring After Mario Joins The Apple App Store

Share:
Nintendo Is Soaring After Mario Joins The Apple App Store

Nintendo Co., Ltd (ADR) (OTC: NTDOY) shares are soaring Wednesday afternoon. The stock's ADRs are getting an Apple Inc. (NASDAQ: AAPL) boost.

Nintendo will be bringing the Mario series to Apple's App Store with the new "Super Mario Run" game.

It's been a crazy summer for Nintendo. The stock gained about 70 percent back in early July when Pokemon Go was all the rage. However, after hitting an all-time high of $37.37, it plummeted within a couple weeks after the company admitted that the game has a limited impact on Nintendo's bottom line.

Related Link: Will Pokémon Go Be An 'Enduring' Success?

Later in the event, Apple announced that Pokemon Go will come to the Apple Watch. Pokemon GO Plus will be integrated into the Apple system.

Shares of Nintendo's ADRs recently traded at $35.60, up 26 percent on the day.

Posted-In: Mario Pokemon Go Super Mario Super Mario RUnNews Events Movers Tech Best of Benzinga

 

Related Articles (AAPL + NTDOY)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Negative Investor Sentiment On Wabtec Leads Deutsche Bank To A New Buy Rating

The Largest Trading Floor In The World: Then And Now