Nintendo stock has jumped four percent which is the highest level in almost two years. The stock has risen due to the influx of new video game titles which are boosting overseas revenue. High profile titles such as Animal Crossing: New Leaf made the Nintendo 3DS the best-selling video game device in the United States in June. A report which states that China may be lifting the ban on consoles has also caused stock to rise. The NPD group said last week that Nintendo had sold 225,000 of its 3DS handheld consoles in the U.S.
“The stock is up from mixing all these factors. The stock is in a upward trend. There may be some investors who are forced to buy back the shares.”
– Takashi Oba, a senior strategist at Okasan Securities Co.