[Hot Stock] Pearl Abyss Plummets After New Title 'Red Desert' Fails to Win at Gamescom

Pearl Abyss is experiencing a sharp decline after missing out on an award for its new title, "Red Desert," at Gamescom, the world's largest game exhibition. While winning at Gamescom does not guarantee commercial success, it is seen as a lost opportunity to maintain momentum for anticipation around the new release.

As of 9:45 AM on the 26th, Pearl Abyss is trading at 38,050 KRW, down 9.51% (4,000 KRW) from the previous day. At this time, foreign investors are net selling shares worth 110 million KRW, driving the stock price down.

Pearl Abyss unveiled its new game "Red Desert" at Gamescom, a global game show held over five days starting from the 20th. Although the game was nominated in the "Visual" and "Epic" categories, it failed to win any awards.

Market analysts suggest that Pearl Abyss's stock price, which had surged on expectations ahead of Gamescom, may face a correction. Lee Ji-eun, a researcher at Daishin Securities, stated, "In the case of Pearl Abyss, expectations for Gamescom have already been largely reflected in the stock price, so there is a possibility of a short-term momentum loss and price adjustment until the next new release event. The stock is expected to trade sideways for the time being."