Actionable news
0
All posts from Actionable news
Actionable news in SNE: SONY CORPORATION ADS,

Will Sony (SNE) Stock Be Helped by ‘Goosebumps’ Box Office Results?

NEW YORK (TheStreet) -- Sony Corp.'s (SNE - Get Report) latest film, "Goosebumps" starring Jack Black, was the box office leader in its debut weekend. The film is based on the popular spooky children's books by author R.L. Stine.

Weekend ticket sales were $23.5 million in the U.S. and Canada, Bloomberg reports. Stine's books have sold over 400 million copies worldwide and have been published in more than 30 languages.

"Goosebumps performed well, and has a natural marketplace with families who don't have many other options this time of year," Phil Contrino, chief analyst at BoxOffice.com told Bloomberg. "It's a family-friendly Halloween film without much competition that's been positively received, and that's all good news."

STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks with serious upside potential. See them FREE for 14-days.

Sony's moviemaking competitor Universal Pictures (CMCSA) released its own horror movie over the weekend. "Crimson Peak" starring Jessica Chastain and Tom Hiddleston earned $12.8 million in its debut, Bloomberg noted.

Shares of Sony closed up by 0.70% to $27.18 on Friday afternoon.

Separately, TheStreet Ratings team...


More