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KLab rises in morning before erasing gains as Dragon Quest Smash Grow sales ranking draws attention
Shares of KLab Inc. <3656> surged in early trading on Wednesday before paring gains. The rally followed the official launch on the 21st of "Dragon Quest Smash Grow," a smartphone title co-developed with Square Enix, a subsidiary of Square Enix Holdings <9684>. According to data from ranking analysis site Game-i, the game reached the top spot in the App Store's free app rankings and fifth in the top-grossing category as of 11:00 a.m. on the 22nd. While aggressive buying pushed the stock up nearly 25% at its peak in the opening session, the momentum faded as profit-taking emerged, briefly sending the share price into negative territory.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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