Bandai Namco (OTCMKTS:NCBDY) Shares Gap Up - Here's What Happened

Key Points

• Bandai Namco (OTCMKTS:NCBDY) stock gapped up before the open, jumping from a prior close of C$13.26 to an open of C$14.00, and last traded at C$13.35 on volume of 5,279 shares.
• Technically, the stock sits above its 50-day simple moving average (C$13.14) but below its 200-day simple moving average (C$14.64), signaling short-term strength but longer-term resistance.
• Bandai Namco is a Japanese entertainment conglomerate (formed in 2005) known for toys, video games, amusement facilities and licensed franchises like Gundam and Dragon Ball.

Bandai Namco Holdings Inc. - Unsponsored ADR (OTCMKTS:NCBDY - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at C$13.26, but opened at C$14.00. Bandai Namco shares last traded at C$13.35, with a volume of 5,279 shares trading hands.

Bandai Namco Price Performance

The company's 50-day simple moving average is C$13.14 and its 200-day simple moving average is C$14.64.

Bandai Namco Company Profile

Bandai Namco Holdings Inc is a Japanese multinational company specializing in the creation and distribution of entertainment products and services. Formed in 2005 through the merger of Bandai Co, Ltd. and Namco Ltd., the company brings together expertise in toy manufacturing, video game development and publishing, amusement facilities, and digital content. Its diverse portfolio spans physical playthings, interactive software, themed attractions and character licensing.

In its Toys & Hobby segment, Bandai Namco produces collectible models, action figures and playsets, including the popular Gundam plastic model kits and Dragon Ball figurines.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.