NetEase Inc NTES shares closed higher by 3.8% to $100.62 for Tuesday’s session following a report suggesting the company and Blizzard Entertainment are expected to announce a new deal.
Blizzard, renowned for games like World of Warcraft, is set to announce a new deal with its Chinese partner NetEase, as reported by the South China Morning Post.
The deal, expected to be announced on Wednesday, will facilitate the distribution of Blizzard titles in China. While specifics remain undisclosed, sources suggest that it might take about a month for Blizzard games to officially make a comeback in the Chinese market following the announcement of this partnership.
How To Buy NTES Stock
By now you're likely curious about how to participate in the market for NetEase – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of NetEase, which is trading at $99.59 as of publishing time, $100 would buy you 1.0 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, NTES has a 52-week high of $118.90 and a 52-week low of $80.79.
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