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Sony Stock Jumps Nearly Six Percent After CES Announcements

In an unusual jump, Sony shares are trading up nearly six percent at $18.30 after the company announced new forays into pay TV and cloud gaming at CES. The Japanese electronics giant also announced yesterday that it had sold 4.2 million units of its newest gaming console, the PlayStation 4, in 2013. Sony shares have hovered at or below the $20 mark for years after a big tumble from the $30s in 2011.

This article originally appeared on Recode.net.

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