According to Nikkei, Capital Research and Management, the U.S. investment adviser that is “in effect” Nintendo‘s largest shareholder, sold off a large chunk of its holdings last week. Capital Research had parted ways with 1.02 million Nintendo shares on July 19th. They had taken profit while the stock was still on its high following the release of Pokemon GO. According to Nikkei, the wealth manager’s stake fell from 18.46% to 17.07%.
Nintendo’s Top Shareholder Has Sold Off 1,000,000 In Shares
Somebody is now rich
Sadly, a million doesn’t last as long as it used to, in today’s economy…
its WAY more then a 1,000,000$ this was a million SHARES. if shares are 27$ then thats 27,000,000$ worth
Oh. Well, that’s still not a lot for a big company, but if this is just a single individual, then yeah, I’d say he’s set for life.XD
Someone who can afford that many shares was probably rich in the first place.
What a load of shit
$$$
Uh oh, Nintendo is doomed.
…should I stop?
Yes
Lol Nintendo bought back a huge amout of stocks after the *intentionally* released the Wii U. This is awesome
I wonder how much they sold each stock for. If only a couple bucks, I doubt it’ll matter much since I expect a business runs through a couple million pretty quickly.
||Hunt this fish-wife at once…||
Do we know if Nintendo bought those shares back. That will be interesting to know who end with this large shareholder.
The shareholder i imagine represents a group of people. Idiotic people who trust someone to sell their shares before the NX comes out.