Sony Stock Soars Amid Investor Speculation That Film, TV Business Might Wind Up On The Block

Read on: Deadline.

Sony Corp. stock soared today following the news that Chief Executive Kaz Hirai is stepping down from the helm of the Japanese corporation, to be succeeded by Chief Financial Officer Kenichiro Yoshida. Wall Street observers say the stock movement is a sign of investor speculation that this changing of the guard might open the door to a sale of Sony’s entertainment assets. Sony’s stock closed at $51.99 Friday, rising 6% in the day’s trading at a time when the markets tanked…