Ubisoft Stock Prices Falls To 12-Year Low Amid Company Uncertainty

by

The shares of Ubisoft have persistently dropped, reaching a 12-year minimum on both the Paris and London Stock Exchanges. By the end of trading hours in the specified region, an Ubisoft share is being traded for less than 9 euros for the first time since April 2013.

Currently, the stock stands at €8.80 following a 7.83% decrease on Monday. Earlier in the day, it dipped to €8.27, but later recovered and closed at its current level.

It might be unexpected for those who have kept tabs on Ubisoft’s performance throughout the years to observe a persistent decline in its stock prices recently. Since April 2024, Ubisoft’s shares have dropped by approximately 62.9%, from their peak of €23.70 per share to the current price of €8.80. The shares dipped below €10 at the end of October 2024 when it was disclosed that Assassin’s Creed Shadows would be postponed until 2025. However, the shares briefly recovered and climbed back over €14 per share not long after this announcement.

In late March and early April, the company’s prices began to decrease once more. However, a significant decline occurred after Ubisoft announced a deal with Tencent for a new subsidiary, which would involve three of their most prominent franchises—Far Cry, Rainbow Six Siege, and Assassin’s Creed—and grant Tencent a 25% stake in the venture. After a brief increase, the stock prices dropped from €13.15 on March 27, the day of the announcement, to €10.70 within just three trading days. Since then, the prices have continued to decrease and remain at their current level.

Additionally, there’s international apprehension about the possibility of a recession that has been causing a significant drop in the market over the past few days.

Read More

2025-04-07 20:48