Activision Blizzard Inc (ATVI) : Traders are bullish on Activision Blizzard Inc (ATVI) as it has outperformed the S&P 500 by a wide margin of 2.43% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.35%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.68% in the last 1 week, and is up 2.22% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.33% and the fifty day Moving Average is 1.82%. Activision Blizzard, Inc. is up 4.35% in the last three month period. Year-to-Date the stock performance stands at 6.91%.
Activision Blizzard Inc (ATVI) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $55 and the lowest price target forecast is $32. The average forecast of all the analysts is $45.64 and the expected standard deviation is $5.23.
Activision Blizzard Inc (NASDAQ:ATVI): stock turned positive on Friday. Though the stock opened at $40.95, the bulls momentum made the stock top out at $41.21 level for the day. The stock recorded a low of $40.65 and closed the trading day at $41.05, in the green by 0.15%. The total traded volume for the day was 6,890,846. The stock had closed at $40.99 in the previous days trading.
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.