Stock Mover of The Day: Could Sony Corp (ADR) Decline After Today’s Significant Increase?

Stock Mover of The Day: Could Sony Corp (ADR) Decline After Today's Significant Increase?

The stock of Sony Corp (ADR) (NYSE:SNE) is a huge mover today! About 455,669 shares traded hands. Sony Corp (ADR) (NYSE:SNE) has risen 10.60% since April 11, 2016 and is uptrending. It has outperformed by 4.45% the S&P500.
The move comes after 8 months positive chart setup for the $38.13B company. It was reported on Nov, 11 by Barchart.com. We have $48.97 PT which if reached, will make NYSE:SNE worth $24.02B more.

Sony Corp (ADR) (NYSE:SNE) Ratings Coverage

Out of 4 analysts covering Sony Corp (NYSE:SNE), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Sony Corp has been the topic of 5 analyst reports since August 16, 2015 according to StockzIntelligence Inc. The rating was downgraded by JP Morgan on Thursday, April 21 to “Neutral”. On Friday, September 4 the stock rating was maintained by Nomura with “Buy”. The firm earned “Buy” rating on Monday, August 24 by TheStreet. JP Morgan maintained Sony Corp (ADR) (NYSE:SNE) on Sunday, August 16 with “Overweight” rating. The rating was upgraded by Deutsche Bank on Wednesday, July 6 to “Buy”.

According to Zacks Investment Research, “Sony Corporation develops and manufactures consumer and industrial electronic equipment. The Company’s products include audio and video equipment, televisions, displays, semiconductors, electronic components, computers and computer peripherals, and telecommunication equipment. The Company is also active in the worldwide music and image-based software markets.”

More recent Sony Corp (ADR) (NYSE:SNE) news were published by: Investorplace.com which released: “Sony Corp ADR (SNE) Earnings Hit by PS4 Price Cut” on November 01, 2016. Also Investorplace.com published the news titled: “The Sony Corp (ADR) (SNE) Comeback Looks Real” on October 18, 2016. Etfdailynews.com‘s news article titled: “Can Sony Repeat Its Surprise Earnings Beat This Time Around?” with publication date: October 28, 2016 was also an interesting one.

SNE Company Profile

Sony Corporation (Sony), incorporated on May 7, 1946, is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s divisions include Mobile Communications (MC), Game & Network Services (G&NS), Imaging Products & Solutions (IP&S), Home Entertainment & Sound (HE&S), Devices, Pictures, Music, Financial Services and All Other. Sony is engaged in the production, acquisition and distribution of motion pictures and television programming and the operation of television and digital networks. Sony is also engaged in the development, production, manufacture and distribution of recorded music and the management and licensing of the words and music of songs. It is also engaged in various financial services businesses, including life and non-life insurance operations, through its Japanese insurance subsidiaries and banking activities through a Japanese Internet banking subsidiary. In addition, Sony is engaged in a network services business and an advertising agency business in Japan. The Company’s manufacturing facilities are located in Asia, including Japan. Sony also utilizes third-party contract manufacturers for certain products.

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