Shares of Activision Blizzard Inc (ATVI) Rally 2.2%

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 6.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.7%, 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 2.2% in the last 1 week, and is up 10.82% 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 6.78% and the 50-Day Moving Average is 9.39%.

Activision Blizzard Inc (NASDAQ:ATVI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.96 and $41.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.20, notching a gain of 0.84% for the day. The total traded volume was 5,083,640 . The stock had closed at $41.85 on the previous day.


The company Insiders own 25.23% of Activision Blizzard Inc shares according to the proxy statements. Institutional Investors own 70.05% of Activision Blizzard Inc shares. During last six month period, the net percent change held by insiders has seen a change of -34.41%. In a related news,The officer (Pres. & CEO-Blizzard Ent.) of Activision Blizzard, Inc., Morhaime Michael sold 1,150,000 shares at $38.15 on June 13, 2016. The Insider selling transaction had a total value worth of $43,872,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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