Shares of Activision Blizzard Inc (ATVI) Sees Large Outflow of Money

Activision Blizzard Inc (ATVI) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (2.62 million) in Activision Blizzard Inc (ATVI). On Thursday, The value of composite uptick trades was $9.42 million, whereas, the value of composite downtick trades was $12.03 million and the ratio between the two was 0.78, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $4.95 million. $3.55 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.72. The negative money flow of ($1.4 million) shows selling on strength. Activision Blizzard Inc (ATVI) gained $0.03 intraday at $40.54 and registrered 0.07% for the week.


Activision Blizzard Inc (ATVI) : 15 investment research analysts covering Activision Blizzard Inc (ATVI) have an average price target of $42.13 for the near short term. The highest target price given by the Brokerage Firm to the stock is $45 and the lowest target is $32 for the short term. Analysts expect the variance to be within $3.34 of the average price. The stock has recorded a 20-day Moving Average of 5.08% and the 50-Day Moving Average is 7.13%.

Activision Blizzard Inc (NASDAQ:ATVI): The stock opened at $40.52 on Thursday but the bulls could not build on the opening and the stock topped out at $40.77 for the day. The stock traded down to $40.14 during the day, due to lack of any buying support eventually closed down at $40.39 with a loss of -0.30% for the day. The stock had closed at $40.51 on the previous day. The total traded volume was 6,273,067 shares.

Activision Blizzard, Inc. is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360), Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii), and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems. The Company also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany. The Companys operating segments include Activision Publishing, Inc. and its subsidiaries, Blizzard Entertainment, Inc. and its subsidiaries, and Activision Blizzard Distribution.

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