Shanda Games (GAME) an online game developer, announced the iOS version of Million Arthur. This was taken as a very positive signal and Shanda Games stock price rose ~9% on stronger volumes. Given its downfall over the past years, Shanda Games stock has chances of getting back in the near future due to recent contract wins and product innovation. However, the catch is that the fundamentals aren't as great as it must be for ‘great companies’. The average analyst opinion on Shanda Games stock is an ‘outperform’ according to S&P Capital IQ.
Source: Shanda Games Ltd. stock chart by Amigobulls
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