On June 29, Sony rose 3.09% overnight, trading at $20.31/share, with turnover of $164,400. The rebound follows a report that Sony plans two product launch events in July, alongside a broader recovery from a selloff earlier in the week tied to restructuring at its Bungie game studio.

According to reports on June 28, Sony will hold two launch events in July — the first in early July to unveil the RX10 V, a fixed-lens zoom camera with large zoom capabilities, and the second later in the month to introduce the FX5, a professional cinema camera positioned as a compact version of its Venice line. An additional new lens may also be revealed during the events.

The overnight gain also reflects the market reassessing Bungie layoffs announced on June 26, which initially sent shares down 2.9%. Sony Interactive Entertainment stated the cuts — affecting most of the Destiny team and some Marathon staff — are needed to align resources with long-term goals after Destiny 2 fell short of expectations. Investors appear to now view the restructuring as a positive cost discipline measure rather than a purely negative signal.

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