How Investors Can Buy CD Projekt RED Stock Amid Cyberpunk 2077 Hype
CD Projekt RED stock is getting a lot of investor interest following the release of its much hyped Cyberpunk 2077 game. How can investors buy the stock?
Dec. 10 2020, Published 9:55 a.m. ET
With the Cyberpunk 2077 game promising to be a huge hit, some investors wonder how and where they can buy CD Projekt RED stock. The videogame industry prospects look bright. Microsoft and Sony released new game consoles. Also, the COVID-19 pandemic fueled the uptake of indoor entertainment products.
CD Projekt RED is a videogame company headquartered in Warsaw, Poland. The company started by translating hit foreign games into Polish for the local market. CD Projekt RED expanded into developing and distributing its own game titles.
Cyberpunk 2077 hype at the game awards
Cyberpunk 2077 is CD Projekt RED’s latest title. The role-playing videogame was released for Windows computers and PlayStation 4 and Xbox One consoles on Dec. 10. It will arrive on PlayStation 5 and Xbox Series X and Series S in 2021.
Some people think that Cyberpunk 2077 is the most hyped game ever. CD Projekt RED undertook an aggressive marketing campaign for Cyberpunk 2077 and built strong anticipation for the game. The Cyberpunk 2077 marketing campaign started several years before its release, including at major gaming industry events.
The debate continues about whether Cyberpunk 2077 is overhyped. For example, some people have tweeted about resolution problems that they have encountered with the game on some devices. Many gamers admit that the Cyberpunk 2077 gameplay mechanics are incredible.
Is CD Projekt RED stock a good investment?
CD Projekt RED stock may appeal to investors seeking exposure to the lucrative videogame market. The global videogame market is on track to exceed $200 billion in annual revenue in 2023 from $159 billion in 2020.
The COVID-19 pandemic has been an unexpected boost for videogame companies like CD Projekt RED. Since people have reduced business and leisure travel amid the pandemic, they have been playing videogames to pass time, which has boosted game sales.
Where to buy CD Projekt RED stock
Since CD Projekt RED stock isn’t listed on the NYSE or Nasdaq exchange, U.S. investors might wonder where they can buy the stock. CD Projekt RED stock is traded in the OTC (over the counter) market in the U.S. under the ticker symbol "OTGLY." Currently, the stock trades at about $28 per share in the unregulated OTC markets.
Is CD Projekt RED stock on Robinhood?
No, CD Projekt RED stock isn’t available on Robinhood. First, Robinhood doesn’t provide access to foreign markets like the Warsaw Stock Exchange where CD Projekt RED stock is available. Second, Robinhood only supports NYSE and Nasdaq stocks. The platform doesn't support the OTC market where U.S. investors currently trade CD Projekt RED stock.
Although Robinhood doesn’t support OTC trading, it allows you to sell your stocks on the OTC markets if they get delisted from the NYSE or Nasdaq. Stocks can lose their listings on the major exchanges and disappear from Robinhood if their price falls into penny stock territory.
How to trade on the Warsaw Stock Exchange
In order to access CD Projekt RED stock on its native market, how can U.S. investors trade on the WSE (Warsaw Stocks Exchange)? A number of online brokers offer access to foreign stock exchanges like the WSE.
If you want to access CD Projekt RED stock on the WSE, you could go with Interactive Brokers, which supports trading in WSE stocks alongside other foreign markets. However, a fee may apply if you want to access foreign stock exchanges on Interactive Brokers' platform.