Large Outflow of Money Witnessed in Activision Blizzard Inc

Activision Blizzard Inc (NASDAQ:ATVI) managed to eke out gains of 0.25% in intraday trade. The share price increased by 0.1 points to $37.87. Till last observation, the net money flow was recorded at a negative $(-2.24) million. The total inflow of $11.75 million in upticks was completely overshadowed by an outflow of $13.99 million in downticks, giving the up/down ratio a value of 0.84. The shares have seen a change of 0.15% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $1.32 million and the composite value in downticks was $3 million. The resultant up/down ratio for the block exchange was 0.44. The block trade had a negative money flow of $(-1.67) million.


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%. On the companys insider trading activities,The officer (Principal Accounting Officer) of Activision Blizzard, Inc., Wereb Stephen G sold 71,775 shares at $37.56 on May 20, 2016. The Insider selling transaction had a total value worth of $2,695,869. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Activision Blizzard Inc (NASDAQ:ATVI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.14 points or 0.37% at $37.63 with 7,169,483 shares getting traded. Post opening the session at $37.53, the shares hit an intraday low of $37.36 and an intraday high of $38.21 and the price was in this range throughout the day. The company has a market cap of $27,780 million and the number of outstanding shares have been calculated to be 738,227,640 shares. The 52-week high of Activision Blizzard Inc (NASDAQ:ATVI) is $39.99 and the 52-week low is $24.04.

Many analysts have stated their opinion on the company shares. BMO Capital initiates coverage on Activision Blizzard Inc (NASDAQ:ATVI) The current rating of the shares is Market Perform. The rating by the firm was issued on April 27, 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 Companys operating segments include Activision Publishing, Inc. and its subsidiaries, Blizzard Entertainment, Inc. and its subsidiaries, and Activision Blizzard Distribution.

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