Why did CD Projekt Red rise on 6 October?
Written after the close on
CD Projekt Red +3.23%
CD Projekt Red rose sharply as The Witcher 3 Remastered's launch momentum built. CD Projekt Red rose sharply over the last five trading days, outpacing a clearly higher broad market while its Communication Services sector was roughly flat, so the move was company-specific. The likely driver was the release of The Witcher 3 Remastered, which drew a record number of simultaneous players on Steam and prompted quick technical fixes, with talk of it being a strong prelude to the marketing campaign for The Witcher 4. A tie-in bringing The Witcher 3 to Battle.net and a Cyberpunk crossover also kept attention on the brand. Watch the late-November earnings report for how much revenue the remaster actually contributed.
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