Games Workshop March Market Watch 2017
Watching stocks over the short-term is often an experiment in futility; on March 5th 2017 we looked back at the state of Games Workshop’s stock price and general financial health today we do the same…
March marched on with slight downturns for most major global markets, all the while with solid corporate reports and rising consumer confidence. Future uncertainty, is playing a major role, as the floundering American government and Brexit timetable are firmly set.
Brushing off any concerns Games Workshop stock continues to rise, but I have a feeling March will be the last month of rocketing stock market growth as leveling off is in order.
To give you an idea here take a look at just how well things have been for Games Workshop in the month of March 2017.
For the month of March 2017 stocks up a monster 10%. The month saw the planned dividend, giving confidence to CEO Kevin Roundtree to buy almost 900 shares. The big news though for the month was Games Workshop confirming beating profit expectations, thanks to the weaker pound.
How is Games Workshop doing for the entire year overall?
March helped pushed Games Workshop stock up a whopping 36% for the year! Pretty crazy to think only a few years ago some people thought Games Workshop was done for.
The crazy rise has lead to a couple very positive articles for Games Workshop.
Next month we will see if my prediction of stock leveling or retraction happens, until then all eyes will start to focus on the next edition of Warhammer 40k and the Bi-Annual report in June or July.
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