SONY Stock Recent News
SONY LATEST HEADLINES
Sony (SONY) concluded the recent trading session at $82.38, signifying a +0.94% move from its prior day's close.
The Asian conglomerate updated investors on its share repurchase program. This was launched in mid-May.
Sony (NYSE: SONY ) layoffs are in the news Friday as the PlayStation parent company is cutting jobs at video game development studio Bungie. Bungie is the original developer of the Halo series and is currently working on Destiny 2 and its expansions.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Stocks have been surging for nearly 18 months, causing some companies to pursue stock splits amidst soaring valuation. Sony announced a 5-for-1 split set to occur in October.
Sony (SONY) concluded the recent trading session at $87.32, signifying a +1.5% move from its prior day's close.
Private equity behemoth Apollo Global Management has invested $700 million in high-profile record label Sony Music Group, allowing its clients an opportunity to invest in "high grade" alternative assets.
Stock-split euphoria has taken hold of Wall Street. A dozen prominent companies have announced or completed stock splits since this year began.
Zacks.com users have recently been watching Sony (SONY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Next to artificial intelligence (AI), stock-split euphoria is Wall Street's hottest trend. Although AI juggernaut Nvidia has enjoyed a textbook operating ramp, headwinds are beginning to mount for Wall Street's most popular stock-split stock.