Nintendo’s stock price jumps another 28% as investment firm raises rating

For the second day in a row, Nintendo has had a massively big day on Wall Street.

The game publisher’s stock price is trading at around $23.30, which is up approximately 28 percent, or more than $5, compared to yesterday’s closing price of $18.22. Yesterday, investors raced to pick up the company’s stock from over-the-counter markets (often referred to as the “pink sheets”) after Nintendo announced a partnership to make mobile games with Japanese publisher DeNA. Today, however, the stock continues to rise thanks to investment bank Jefferies raising its rating on Nintendo to a “buy” status. This raises Nintendo’s market cap to $20.65 billion, which is up from around $16 billion yesterday.