[Market Focus] Pearl Abyss Surges 14% on "Crimson Desert" Success
Pearl Abyss is showing an early 14% surge in stock price on news of the commercial success of its new title, "Crimson Desert."
As of 10:33 a.m. on March 27, Pearl Abyss was trading at 58,000 won, up 7,200 won (14.17%) from the previous day.
This is attributed to heightened investor sentiment following the success of the new open-world action-adventure game "Crimson Desert," which was released on March 20.
Crimson Desert set a domestic record for the fastest sales, selling 2 million copies worldwide within just one day of launch. Expectations grew even further with reports that 3 million copies were sold within four days of release.
On March 19, the day before the launch, the stock price had dropped to 46,000 won at market close, following lower-than-expected reviews on the global gaming score aggregation site Metacritic.
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After four days of weakness, the stock rebounded and continued its upward trend from March 25, closing up 23.34% that day.
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