Sony stocks rise following today’s announcements

Wednesday, 22 May 2013 01:11 GMT By Naren Hooson

Although perhaps somewhat overshadowed by the Xbox One announcement, Sony’s PS4 presentation combined with the response to the Xbox One has sent Sony’s share price up.

The stock price had fallen 1.23% before the presentation but then rose 2.42% in after hours trading when Games Industry reported. The stock continues to rise, now increased by 9.25% in total, courtesy of IGN and is definitely one to be watching for all the day traders.

The backlash to the Xbox One announcement is sure to have a significant impact on the continuing rise of Sony’s stock as well, due to some of the consoles unfavourable restrictions.

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