Large Outflow of Money Witnessed in Activision Blizzard Inc

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 (7.14 million) in Activision Blizzard Inc (ATVI). On Friday, The value of composite uptick trades was $41.66 million, whereas, the value of composite downtick trades was $48.79 million and the ratio between the two was 0.85, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $13.51 million. $5.87 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.43. The negative money flow of ($7.64 million) shows selling on strength. Activision Blizzard Inc (ATVI) gained $0.78 intraday at $42.15 and registrered 1.89% for the week.


The company Insiders own 25.23% of Activision Blizzard Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -77.06% . Institutional Investors own 83.86% of Activision Blizzard Inc shares. During last six month period, the net percent change held by insiders has seen a change of -77.06%.

In a related news, Durkin Dennis M, officer (Chief Financial Officer) of Activision Blizzard, Inc., unloaded 119,937 shares at an average price of $41.33 on August 30, 2016. The total amount of the transaction was worth $4,956,996, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Activision Blizzard Inc (NASDAQ:ATVI): The stock opened at $42.29 and touched an intraday high of $43.1 on Friday. During the day, the stock corrected to an intraday low of $42.23, however, the bulls stepped in and pushed the price higher to close in the green at $42.8 with a gain of 1.54% for the day. The total traded volume for the day was 8,730,695. The stock had closed at $42.15 in the previous trading session.

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 5.66% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.74%, 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 4.26% in the last 1 week, and is up 5.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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