Games Workshop Market Watch July 2020
Watching stocks over the short-term is often an experiment in futility; on July 7th 2020 we looked back at the state of Games Workshop’s stock and financial health, and today we do the same…
July 2020 saw many countries around the world try to contain a resurgent virus, while Global stock markets either stayed flat or continued to improved from the terrible 1st and 2nd quarters. Games Workshop though was moving full speed ahead with the much anticipated release of Warhammer 40k 9th edition. Games Workshop had supply chain issues and marketing mismanagement, but the effects that had on the stock you will have to see below.
Here is what the month of July 2020 looked like for Games Workshop Stock.
As you can guess Games Workshop stock rose even in face of the bumpy release of Warhammer 40k 9th edition, peaking with the better than expected Annual Report and a little help from another dividend.
If we plug in the July numbers here is what the stock looks like for year to date.
The stock is now hovering around +35% for the year, even in the time of Covid the trajectory is just astounding, but can it be sustained as many players still can’t find games and the real effects of the global recession takes effect once governmental support comes dries up?
Games Workshop had a a lot of investment news in July, including the above mentioned annual report.
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