Yesterday, Panasonic’s stock initiated a major rally after the news that the company is planning to employ 350 university graduates in 2014. The figures correspond to those planned for this year. As a result, the company’s stock appreciated by 5.2% during a single trading session. The current price is fluctuating around ¥705 per share.
According to analysts from Tachibana Securities, the company’s financial situation leaves much to be desired. However, the company is still planning to keep its word and employ the mentioned amount of graduates.
Over the last few years, the company has seen a number of difficulties, which are mainly caused by lower demand for Panasonic products. The company is probably about to start major restructuring this year in order to stay afloat on today’s highly-competitive hi-tech industry.
The chart below, courtesy of , reflects the current state of affairs in the market of Panasonic:
