Activision Blizzard Inc (ATVI) Shares are Up 5.04%

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 13.4% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.48%, 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 5.04% in the last 1 week, and is up 11.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 5.73% and the 50-Day Moving Average is 7.11%.The 200 Day SMA reached 20.47% Activision Blizzard, Inc. is up 16.65% in the last 3-month period. Year-to-Date the stock performance stands at 15.68%.


Activision Blizzard Inc (ATVI) : 14 investment research analysts covering Activision Blizzard Inc (ATVI) have an average price target of $45.79 for the near short term. The highest target price given by the Brokerage Firm to the stock is $55 and the lowest target is $32 for the short term. Analysts expect the variance to be within $5.27 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Activision Blizzard Inc (NASDAQ:ATVI): stock was range-bound between the intraday low of $44.05 and the intraday high of $44.67 after having opened at $44.67 on Fridays session. The stock finally closed in the red at $44.67, a loss of -0.38%. The stock remained in the red for the whole trading day. The total traded volume was 40,786,800 shares. The stock failed to cross $44.67 in Fridays trading. The stocks closing price on Thursday was $44.42.

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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