Gaming company Embracer's share price plummeted 14.6 percent at lunchtime after presenting its interim figures and announcing yet another spin-off.
Savers at online broker Nordnet do not seem to be deterred by the decline, with many buying into the slump.
"Embracer is by far the most bought stock today on Nordnet's platform, more than three times as much as the number two on the list. Private savers, contrary to the rest of the market, clearly believe that Lars Wingefors has succeeded in turning the company around, including out of high debt and into net cash," writes savings economist Frida Bratt in a comment to Finwire.
Embracer Group AB, formerly THQ Nordic AB is a Sweden-based company engaged in the computer games development. The Company focuses on acquiring, developing and publishing personal computer (PC) and console games for Xbox and PlayStation platforms. The Company's game portfolio consists of owned franchises intellectual property (IP) and published titles, including Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory and Wreckfest, among others. It offers games through various distribution channels, including digital platforms, such as Steam, PlayStation Store and Xbox Live, as well as gaming conventions, and global retailers, such as Walmart, GameStop and Amazon. The Company has around 18 internal game development studios and operates in more than 40 countries.
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