- CD Projekt Red is rising for the second day in a row ahead of Cyberpunk 2077's release.
- Polish game developers Marcin Iwiński and Michał Kiciński have been under immense pressure to release the game.
- The highly anticipated release, presented by Keanu Reeves and coming on top of Witcher 3 is a make or break moment.
Is the dystopian spell over for CD Red Projekt? There are tentative signs that the Polish videomaking firm's shares are set for a pre-Cyberpunk 2077 release rally.
Who owns CD Project Red? Marcin Iwiński and Michał Kiciński, the makers of the successful Witcher 3 videogame – now a series on Netflix, are still cooking the release of Cyberpunk 2077, but its shares are already rising. WSE: CDR is up for the second day in a row. The firm's offices, in Warsaw and Wroclaw, have received threats amid the delay in the release of the game.
Gamers all over the world are eager to play a promising thriller while they are locked down due to COVID-19. Winter in the northern hemisphere has made waiting for the holiday season – or Black Friday – less relevant than it used to be.
What is the stock ticker for CD Project Red?
CD Projekt SA is traded on the Warsaw Stock Exchange under WSE: CDR and the upcoming release of Cyberpunk 2077 has brought new interest to Polish bourse. While buying shares on stocks markets in central/eastern Europe is uncommon for US traders, some providers such as Scottrade – now part of TD Ameritrade – allow access to these shares.
WSE:CDR is changing hands at just under 345 PLN, up nearly 1.90 of 0.55% on the day. The stock is advancing in early November after struggling in October. CD Project SA shares gradually descended from the 400 PLN mark early last month.
Technical support awaits at 331 PLN, the closing level on October 20, while resistance above 400 is at the 52-week high of 462 PLN.
When was Cyberpunk 2077 announced?
Cyberpunk 2077 was announced back in May 2012 and a teaser trailer was released in January 2013. The latest release date for the action role-playing video game is December 10, 2020. CD Projekt Red plans to make it available ahead of a covid-clouded Christmas for various PlayStation consoles, Stadia, Xbox One, Xbox Series X/S, and Microsoft Windows.
Microsoft has been rumored to be interested in acquiring CD Projekt SA, yet such an acquisition has never materialized.
Many fear that the US elections could result in civil unrest that would keep people at home. That could result in people staying at home and looking for new games such as Cyberpunk 2077 to play.
See 2020 Elections: Three states traders should watch, plus places that could provide surprises
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
GBP/USD extends recovery gains to near 1.3250, as BoE looms
GBP/USD extends the recovery to near 1.3200 in European trading on Thursday, having found buyers near 1.3150. A fresh US Dollar pullback and a rebound in risk sentiment offer support to the pair ahead of the BoE policy announcements.
EUR/USD rises further toward 1.1200, focus shifts to ECB-speak
EUR/USD stays strongly bid toward 1.1200 in the European session on Thursday. The pair capitalizes on a renewed US Dollar retreat and an upbeat mood. Traders digest the Fed's dovish outlook, bracing for ECB-speak for fresh trading incentives. US data are also eyed.
Gold price jumps back closer to all-time peak, $2,600 remains in sight amid fresh USD weakness
Gold price regains positive traction following the previous day's pullback from the all-time peak and builds on its steady intraday ascent heading into the European session on Thursday.
BoE expected to keep interest rate unchanged at 5% as price pressures persist
After a close call in August, the Bank of England’s September interest rate decision is keenly awaited for fresh cues on the bank’s future policy action and the pace of its bond sales.
Bitcoin surges to $62,000 mark after 50 bps Fed rate cut
Bitcoin and Ripple eye for a rally as they break and find support around their resistance barrier. Meanwhile, Ethereum demonstrates signs of recovery as it approaches a critical resistance level, indicating that an upward rally could be on the horizon if it successfully breaks through.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.