Funcom stocks were trading at $24 per share this past Friday, sinking from a high of $54 per share in May. But is it a sign of investor worries and a lack of confidence in the power of Age of Conan? Or is it something else? You decide.
Prior to Age of Conan's May 2008 release, Funcom stocks averaged approximately $25 per share from April 2007 until late April 2008. Once Conan was released, stocks spiked to $54 per share doubtless due to investor confidence in the game. Since then, Funcom stock has come back down to ~$25 per share.
So, what does this all mean? Is it a natural correction of Funcom's stock or is it something more insidious? Some believe the latter more than the former.
GameRiot.com cites the following as reasons why Conan's stock has plummeted and that these reflect a lack of investor confidence in the longevity of the game:
- Stockholders Have Had Enough
- Funcom Forum Coverups Lead To Mistrust
- Female Swing Speed Discrepancy
- Account Billing Beyond Cancellation
- Server Consolidations
- Questions About New Content
- Funcom is Desperate
- Flaming Out On Xfire
In fairness, and as someone who occasionally dabbles in the stock market, this appears more like a stock that benefited in the short term from Age of Conan's release and is now returning to 'normal' (though I'm sure developers and Funcom execs would love to see the stocks level out at $50 per share!). However, there is something to be said for the legion problems that occurred on release and in the following months.
Is it a correction? A lack of confidence? Or is it somewhere in between? Let us know what you think.
Via: Massively
