Network News: 2016 October GW Market Watch
Network News is rated: trending land of make believe importance for this blog
Watching stocks over the short-term is often an experiment in futility; on September 4th 2016 we looked back at the state of Games Workshop’s stock price and general financial health today we do the same…
We are barreling towards the 4th quarter and Games Workshop two major markets have had a very strange year. With Brexit for Britain and the roller coaster Presidential Election in America, this stock has always been defined by annual reports. This is the same for most stocks not directly connected to the immediate fallout from the unexpected. Usually October is a bad month for stocks as the ever present uncertainty of holiday consumer spending and 3rd quarter reports fill business tickers.
Overall, Britain did poorly, but America stocks remained strong, so how does Games Workshop stocks look for the month of October 2016?
Unlike September, Games Workshop stock prices bounced back in October. How does this new data factor into Games Workshop stock year to date?
Well October did a lot to fix things, by the end of September Games Workshop had moved from down 14% in August to down 18%. October saw a sharp incline and then a leveling off to leave Games Workshop only down about 11% for the year. If growth maintains at this pace Games Workshop could break even by December for the year.
Games Workshop stock prices might have been helped out a bit by this “buy” rating from respected investing firm Peel Hunt.
In related news a GW employee bought a healthy batch of stock, with this statement.
So we shall see how Games Workshop does for November, with I am sure a big product push and holiday bundles. Then once again January is just right around the corner and another annual report!