Sony Corp Ord (SNE) has risen sharply, recording gains of 1.75% in the past 4 weeks. However, the stock has corrected -1.16% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.3% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.99% and the 50-Day Moving Average is 2.1%.The 200 Day SMA reached 22.33%
Sony Corp Ord (NYSE:SNE): The stock opened in the green at $32.76 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $33.4 and a low of $32.65 for the day. The stock did not find buyers even at the lows and closed at $33.21 recording a loss of -0.09%. 1,401,216 shares exchanged hands during the trading day. The stock had closed at $33.21 in the previous days trading.
Sony Corporation (Sony) 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 Companys segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other. Its manufacturing facilities are located in Asia, including Japan. Sony also utilizes third-party contract manufacturers for certain products. Sonys products are marketed throughout the world by sales subsidiaries and unaffiliated distributors, as well as direct sales through the Internet. Sony is engaged in the production, acquisition and distribution of motion pictures and television programming and the operation of television and digital networks. The Company also develops, produces and distributes recorded music.