Analyst Explains Why Multiple Video Game Related Stocks Plummeted Early This Week
Much has been made of EA’s plummeting stock values and revenue streams in the wake of the lackluster consumer response to the second season of Apex Legends, but there’s more to this story than meets the eye. In fact, a number of major gaming-related corporations have seen a reduction in the value of shares thanks to a number of factors. As explained by Michael Pachter, a prominent industry analyst frequently discussed for his predictions concerning gaming retail giant GameStop, stock prices for the industry leaders have mostly been inhibited thanks to an overconfidence in unproven mediums....