Sony Corp Ord (SNE) has risen sharply, recording gains of 8.31% in the past 4 weeks. However, the stock has corrected -0.3% 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 7.89% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Sony Corporation is up 23.75% in the last 3-month period. Year-to-Date the stock performance stands at 32.95%. The stock has recorded a 20-day Moving Average of 1.89% and the 50-Day Moving Average is 7.87%.
Sony Corp Ord (NYSE:SNE): The stock opened at $32.57 on Friday but the bulls could not build on the opening and the stock topped out at $32.83 for the day. The stock traded down to $32.36 during the day, due to lack of any buying support eventually closed down at $32.72 with a loss of -1.15% for the day. The stock had closed at $33.10 on the previous day. The total traded volume was 1,219,107 shares.
Also, In the latest statement by the brokerage house, Deutsche Bank upgrades its outlook on Sony Corp Ord (NYSE:SNE). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Hold. The rating by the firm was issued on July 6, 2016.
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.