Comment on Ubisofts stock tanked this morning ahead of the markets opening
protist@mander.xyz 1 day agoYou can see right there at the top of the graph it’s down 20% in the given timeframe. There’s nothing misleading at all about zooming in on the data in this chart
dustyData@lemmy.world 1 day ago
Percentages are also misleading. The timeframe will always stretch the percentage. Sure, a 20% drop on the same day is significant, but it still says absolutely nothing about the overall situation, nor why it happened. There’s research on this, observing day to day changes on stock prices to describe a company is just as effective as describing people’s personalities through astrology. It’s bullshit.
protist@mander.xyz 1 day ago
Yes, and that’s literally all this post is trying to convey. This post is not a news report or a economist’s dissertation, this is a screenshot of the pre-bell stock price posted to Lemmy
dustyData@lemmy.world 1 day ago
It’s already being called the lowest price in a decade. Technically true, but honestly disingenuous since the massive price bump to over €100 was an anomaly caused by the pandemic that swept the entire industry, not just this one publisher.
Kraven_the_Hunter@lemmy.dbzer0.com 1 day ago
It sounds like you really need to buy some Ubisoft stock right now.
protist@mander.xyz 1 day ago
It being at its lowest price in a decade is literally true. I don’t have a clue why you’re bringing the pandemic into this since this stock reached its peak in 2018. Ubisoft stock has been on a precipitous decline for 4 straight years now, wtf are you even trying to convey here?