Sony Stock Jumps Following Xbox One Reveal

by Adam Biessener on May 21, 2013 at 08:30 AM

Microsoft's Xbox One reveal event coincided with a dramatic jump in Sony's stock price.

Sony's stock leapt up to $22.55 from when the Microsoft event started at 1pm Pacific time, a significant jump from the $20.94 it was at noon Pacific.

Microsoft's stock price, on the other hand, barely moved from the beginning to the end of the event, opening at $34.99 and closing at $35.02.

A lot of factors play into stock pricing, of course, but it's difficult to ignore the remarkable spike in Sony's value that took place during Microsoft's event.

Visit our Xbox Reveal Headquarters for complete coverage of today's news.

[Source: NASDAQ]