Games Workshop Market Watch March 2020
Watching stocks over the short-term is often an experiment in futility; on March 12th 2020 we looked back at the state of Games Workshop’s stock and financial health, and today we do the same…
Now that the Western World is fully enveloped by the Coronavirus pandemic, almost all economies have imploded. Games Workshop unfortunately is based in a country that was one of the last to truly take the pandemic seriously, even as their prime minister testing positive for the virus. This has of course had a direct effect on Games Workshop and our need to be fed the continued supply of life essential miniatures.
It was only a few weeks ago now that Games Workshop did the inevitable and closed down shop until the world returns to normal. You can see this effect in the stock price for the March 2020 below.
The downward slide is pretty obvious building on a previous not so good month, but you can see the lowest point happening on the day the United Kingdom announced schools being closed on March 18th and another dip after the announcement of company manufacturing completely. Thankfully a bit of recovery happened to end the month, still overall the stock was down 30% in less than 30 days.
Lets put that into the perspective for the year, so far.
The stock drop as you can see is almost entirely localized to the month of March, we can expect it to see it sit around the 4500-4000 for the foreseeable future, until the world is able to flatten the virus curve or if things actually get even worse.
As expect, Games Workshop released a bit of investor news as holdings were shuffled around for the month.
Top 10th edition Warhammer 40k ITC army lists from the largest ITC tournaments from the past weekend. Week 14 of the Leviathan Season.
Top 10th edition Warhammer 40k ITC army lists from the largest ITC tournaments from the past weekend. Week 13 of the Leviathan Season.
Top 10th edition Warhammer 40k ITC army lists from the largest ITC tournaments from the past weekend. Week 12 of the Leviathan Season.