Activision Blizzard, Inc. (ATVI) Files Form 4 Insider Selling : Michael Morhaime Sells 1,150,000 Shares

Activision Blizzard, Inc. (ATVI): Michael Morhaime , Pres. & CEO-Blizzard Ent. of Activision Blizzard, Inc. sold 1,150,000 shares on Jun 13, 2016. The Insider selling transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were sold at $38.15 per share for a total value of $43876528 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 24, 2016, Stephen G Wereb (Principal Accounting Officer) sold 71,775 shares at $37.56 per share price.On May 18, 2016, Thomas Tippl (Chief Operating Officer) sold 300,000 shares at $39.08 per share price.Also, On May 17, 2016, Robert J Morgado (director) sold 25,000 shares at $38.43 per share price.On Mar 17, 2016, Eric Hirshberg (CEO, Activision Publishing) sold 119,148 shares at $32.44 per share price.

Shares of Activision Blizzard (ATVI) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.08 points or -0.21% at $38.33 with 1,04,64,780 shares getting traded. Post opening the session at $38.46, the shares hit an intraday low of $38.02 and an intraday high of $38.82 and the price vacillated in this range throughout the day. The company has a market cap of $28,296 M and the number of outstanding shares has been calculated to be 73,82,27,640 shares. The 52-week high of Activision Blizzard is $39.99 and the 52-week low is $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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