[Market Focus] Pearl Abyss Plunges as New Title "Crimson Desert" Receives Underwhelming Reviews
The stock price of game developer Pearl Abyss plummeted after its new title, "Crimson Desert," received underwhelming reviews.
As of 9:21 a.m. on March 19, Pearl Abyss was trading at 46,700 won, down 28.81% (18,900 won) from the previous day. This figure is very close to the lower limit of 46,000 won.
The new open-world action adventure game "Crimson Desert" from Pearl Abyss is set to be released on March 20. Driven by anticipation for the new release, Pearl Abyss shares had recently surged more than 10%.
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The sharp decline in the stock price just one day before the launch appears to be due to disappointing reviews of the new title. On the morning of March 19, the PC version of "Crimson Desert" scored 78 points on Metacritic, a global review aggregation site. The market had expected a score in the 80s or higher, considering the seven-year development period.
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