The developer of the popular game Crimson Desert has seen its stock price surge on the Korea Exchange, recovering the losses that came after reviews for the game came out.
Crimson Desert has now exceeded 3 million copies sold, and it appears investors are happy about that, as developer Pearl Abyss is trading up more than 26% today. The stock crashed by 30% last week when reviews came out, but those losses have now been largely erased.
Pearl Abyss stock is now up 26% year-to-date and up 56% over the past year. Over the past five years, however, Pearl Abyss is trading down about 18%. Stock-price fluctuation is a normal thing, and ongoing geopolitical events are adding to volatility on the Korea Exchange and others globally.
It’s exciting to see such a positive response to the sales announcement for Crimson Desert. It sounds like the developers are making great strides, and this surge could be a promising sign for the game’s future. Looking forward to seeing how it all unfolds!