CD Projekt Red Stock Plummets 25% After Cyberpunk 2077 Delay

The stock’s growth has reverted to April 2020 levels.

By Fragnarok, Posted 31 Oct 2020

As October closes out, CD Projekt Red’s Polish stock (WSE:CDR) dropped down to 331 PLN ($83.68 UD) per share after a record high of 461 PLN ($116.55 USD) per share, a near 25% decrease. This amount is close to the stock’s April 2020 price, shortly after many international stocks crashed during March. Investors and traders have had a negative response to allegations of CD Projekt Red’s poor work conditions and continual delays of Cyberpunk 2077. This is further compounded by the general volatility of European stock markets in the wake of the COVID-19 pandemic and resulting global economic recessions. CD Projekt Red’s recent August stock growth was mainly linked to plans of a new Witcher based mobile game.


CD Projekt Red|Cyberpunk 2020|Witcher|Stock Market
 

Still, the stock market is irrational in nature and long term investors that believe in CD Projekt Red’s longevity can view this dip as a good time to buy shares cheaply. While CD Projekt SRA is directly traded on the Warsaw Stock Exchange, other international stock exchanges have options to buy ownership of the Polish game developer. If Cyberpunk 2077 does maintain its release schedule, there is a possibility for the stock to rebound within one or two years.   

Kurtis Seid, NoobFeed
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General Information

Platform(s): Xbox One, PC
Publisher(s): CD Projekt, CD Projekt RED
Developer(s): CD Projekt RED
Genres: Action, Adventure
Themes: Cyberpunk
Release Date: 2020-12-10

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