Craig of War
Banned
CD Projekt Red's stock fell 25% in two months amid Cyberpunk uncertainty
CD Projekt Red's share price has fallen by 25% since its peak at the end of August, shaving almost €2.5 billion from it…
www.gamesindustry.biz
"CD Projekt Red's share price has fallen by 25% since its peak at the end of August, shaving almost €2.5 billion from its market cap.
That peak coincided with the announcement of a new Witcher mobile title in the style of Niantic's Pokémon Go. On August 27, CD Projekt Red's market cap was PLN 42.4 billion -- around €9.6 billion -- based on a price of almost PLN 461 per share.
Yesterday, however, its share price had fallen to PLN 331, the lowest point since April 2020. At the time of writing, CD Projekt Red's shares were trading at a slightly improved PLN 346, which is still 25% down on that August peak.