Activision Blizzard, Inc. (ATVI) Files Form 4 Insider Selling : Robert J Morgado Sells 25,000 Shares

Activision Blizzard, Inc. (ATVI): Robert J Morgado , director of Activision Blizzard, Inc. sold 25,000 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $38.43 per share for a total value of $960,720.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 17, 2016, Eric Hirshberg (CEO, Activision Publishing) sold 119,148 shares at $32.44 per share price.On Mar 8, 2016, Robert J Corti (director) sold 62,000 shares at $31.25 per share price.Also, On Nov 9, 2015, Brian Hodous (Chief Customer Officer) sold 15,996 shares at $37.50 per share price.On Aug 10, 2015, Robert J Morgado (director) sold 33,334 shares at $28.66 per share price.

Activision Blizzard: On Monday, May 16, 2016 heightened volatility was witnessed in Activision Blizzard which led to swings in the share price. The shares opened for trading at $38.45 and hit $39.48 on the upside , eventually ending the session at $39.39, with a gain of 2.87% or 1.1 points. The heightened volatility saw the trading volume jump to 77,85,309 shares. The 52-week high of the share price is $39.93 and the company has a market cap of $29,079 M . The 52-week low of the share price is at $24.04.

Activision Blizzard Money Flow Index Chart

Company has been under the radar of several Street Analysts.Activision Blizzard is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 45 from a previous price target of $40 .The Rating was issued on May 9, 2016.Activision Blizzard is Reiterated by The Benchmark Company to Buy and the brokerage firm has raised the Price Target to $ 40.45 from a previous price target of $37.63 .The Rating was issued on May 6, 2016.Activision Blizzard is Reiterated by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $38 .The Rating was issued on May 6, 2016.Activision Blizzard is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $36 .The Rating was issued on May 6, 2016.Activision Blizzard is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 38 from a previous price target of $35 .The Rating was issued on May 6, 2016.

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 Company’s operating segments include Activision Publishing Inc. and its subsidiaries Blizzard Entertainment Inc. and its subsidiaries and Activision Blizzard Distribution.

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