Funcom Stock Plummets
Monday, July 28th, 2008It appears that Funcom investors show lack of faith when it comes to the stickyness of Age of Conan: Hyborian Adventures. The stock, traded on the Oslo Stock Exchange (Funcom is a Norwegian company), reached an equivalent of $54 on launch day (May 20 this year, people), is now at $24, Massively reports. I think this is the key though:
On the flip side, it should be noted that the price of Funcom stock had been fairly steady, around $25, for several months prior to March of this year. A sharp increase in price coincided with the release of X-Play pre-order statistics for AoC about two months before boxes hit the shelves. That was followed by a distinct downturn just a few weeks after the game’s drop date and the slide has continued since, returning it back to familiar price territory just this past week.
In other words, no need to fret, especially if the game keeps its players around, as I’m sure it will. After all, I’m still here aren’t I?