Investor snapshot: Jamdat slumps despite deals

Many game stocks slid lower Tuesday, in contrast to the move toward higher share prices on Wall Street.

Jamdat Mobile (JMDT) shares fell 88 cents, closing 5.3 percent lower at $15.76. Jamdat has been on a downhill trend since late March, despite recent announcements that it nabbed rights to make MLB-based wireless games and extended its deal with Activision (ATVI) so that it could publish a 3D wireless version of Tony Hawk's Pro Skater. Activision shares also closed lower, by 18 cents, at $15.20.

Konami (KNM) shares lost 30 cents to close at $22.30, and shares in THQ Inc. (THQI) lost 20 cents, closing at $28.29. Take-Two Interactive (TTWO) shares declined 17 cents to $39.26. Atari (ATAR) shares closed at $2.91, 14 cents lower. Vivendi Universal (V) shares ended down 11 cents at $29.97 at the closing bell.

Some game concerns scored gains Tuesday, including Electronics Boutique (ELBO), whose share prices climbed 39 cents to close at $42.84. GameStop Corp. (GME) shares rose 33 cents to $22.11. Shares in Electronic Arts (ERTS) traded 19 cents higher at $52.91, and Eidos (EIDSY) shares continue to attract investors, finishing 9 cents higher at $1.41.

In Tuesday's overseas trading, shares in Nintendo spiked 310 yen ($2.86) to close at 11,830 yen ($109.30) on the Japanese exchange. In Paris, Ubisoft shares rose .06 euros (8 cents) to 30.09 euros ($38.65).

On the broader markets, the Dow Jones Industrial Average gained 37.32 points to close at 10,458.46. The Nasdaq Composite closed 8.25 points higher at 1,999.32, and the S&P 500 rose 5.27 points, closing at 1,181.39.