Activision Blizzard Inc (NASDAQ:ATVI) has climbed 0.82% in the past week and advanced 1.47% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.03% and the outperformance has advanced to 0.54% for the last 4 weeks period.
Activision Blizzard Inc (NASDAQ:ATVI): The stock opened at $39.03 on Friday but the bulls could not build on the opening and the stock topped out at $39.05 for the day. The stock traded down to $37.83 during the day, due to lack of any buying support eventually closed down at $38.08 with a loss of -2.43% for the day. The stock had closed at $39.03 on the previous day. The total traded volume was 13,336,367 shares.
The company shares have rallied 52.26% from its 1 Year high price. On May 27, 2016, the shares registered one year high at $39.99 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $37.57 and the 200 Day Moving Average price is recorded at $35.23.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Morhaime Michael, officer (Pres. & CEO-Blizzard Ent.) of Activision Blizzard, Inc., had unloaded 1,150,000 shares at an average price of $38.15 in a transaction dated on June 13, 2016. The total value of the transaction was worth $43,872,500.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Activision Blizzard Inc (NASDAQ:ATVI). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $42 per share from a prior target of $38. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 25.23% of Activision Blizzard Inc shares according to the proxy statements. Institutional Investors own 70.36% of Activision Blizzard Inc shares. During last six month period, the net percent change held by insiders has seen a change of -34.41%.
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.