From Nasdaq: 2025-05-27 17:42:00

Shares of Sony Group (NYSE: SONY) rose by 4% as the S&P 500 and Nasdaq Composite also saw gains. Sony plans to distribute 80% of newly created shares from the upcoming spin-off of its financial services arm, with more details to be revealed on Investor Day. This move will streamline Sony, allowing it to focus on entertainment and consumer electronics, particularly image sensors for smartphones. While Sony wasn’t included in the Motley Fool’s list of top 10 stocks to buy, Stock Advisor has a history of outperforming the S&P 500 with an average return of 957%.



Read more at Nasdaq: Why Sony Stock Spiked Today