Nintendo Co., Ltd.Â is a Japanese multinational consumer electronics and video game company headquartered in Kyoto, Japan. Nintendo is one of the world’s largest video game companiesÂ by market capitalization. And now Nintendoâ€™s Stock Is Having Its Best Run in Years. Shares of game maker Nintendo jumped to eight-and-a-half year highs Friday with a boost from Capcom’s Monster Hunter series.
Nintendo (NTDOY, +4.45%) jumped nearly 6% to about $302 a share by the market’s close in Tokyo, after Capcom said it wouldÂ put the game beloved in Japan on Nintendo’s most recent consoleâ€”the Switch.
In recent months, Nintendo’s sales have gotten a boost from the introduction of other cult classic games on the Switch, including the Legend of Zelda.
So why the stock jump for Nintendo for a title like Monster Hunter? Well, past versions of Monster Hunter helped Sony sell 10 million PlayStation Portables back in 2008.