Why Unity Software Stock Rose 38% in September [Yahoo! Finance]
Unity Software Inc. (U)
Company Research
Source: Yahoo! Finance
Shares of Unity Software (NYSE: U) gained 38.2% in September 2024, according to data from S&P Global Market Intelligence . The game engine and 3D platform maker scrapped a massively unpopular fee for some of its customers on Sept. 12. The stock rose nearly 16% over the next two days as investors embraced Unity's return to its roots That silly fee had to go away Recently installed CEO Matt Bromberg removed the so-called runtime fee for customers in the gaming category, lowering the economic bar to becoming a Unity-based game developer. Users in that community saw the fee as an inconvenient and costly barrier that only applied to a narrow range of independent game writers. The company's soaring revenue growth ground to a halt as developers flocked to alternative platforms such as Unreal Engine from Epic Games or the open-source Godot system. So it wasn't surprising to see Unity's stock soar when Bromberg reversed his predecessor John Riccitiello's controversial idea. The runtim
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News
- Unity Stock Could Soar as Turnaround Takes Hold [Yahoo! Finance]Yahoo! Finance
- Cathie Wood sells $48 million of battered tech stock [Yahoo! Finance]Yahoo! Finance
- Is Unity Software Inc. (U) Best Virtual Reality Stock To Buy Now? [Yahoo! Finance]Yahoo! Finance
- Unity Software Inc. (NYSE: U) had its price target raised by analysts at Macquarie from $15.00 to $16.00. They now have an "underperform" rating on the stock.MarketBeat
- Unity Software Inc. (NYSE: U) had its price target raised by analysts at Barclays PLC from $16.00 to $18.00. They now have an "equal weight" rating on the stock.MarketBeat
U
Earnings
- 11/7/24 - Beat
U
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 144
- 11/19/24 - Form 144
- U's page on the SEC website