Large Inflow of Money Detected in Activision Blizzard Inc

Activision Blizzard Inc (ATVI) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $27.04 million worth of transactions were on upticks, whereas, the downticks accounted for $24.02 million worth of transactions. The net money flow was a positive $3.02 million and the uptick to downtick ratio was 1.13. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 2.86 in their favor. The net money flow into the stock was $3.3 million. The value of block trades done on downticks was only $1.77 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $5.07 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Activision Blizzard Inc (ATVI) was trading at $41.4, down $0.12 during day. The stock slid -0.29% over the previous days close. For the week, the stock recorded -1.9% over the previous weeks close.


Also, Equity Analysts at the Barclays maintains the rating on Activision Blizzard Inc (NASDAQ:ATVI). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $38 per share to $42 per share. The rating by the firm was issued on June 16, 2016.

Activision Blizzard Inc (NASDAQ:ATVI): The stock opened at $41.68 on Wednesday but the bulls could not build on the opening and the stock topped out at $41.71 for the day. The stock traded down to $41.22 during the day, due to lack of any buying support eventually closed down at $41.38 with a loss of -0.34% for the day. The stock had closed at $41.52 on the previous day. The total traded volume was 5,973,714 shares.

The stock has recorded a 20-day Moving Average of 3.39% and the 50-Day Moving Average is 6.23%. 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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