Activision Blizzard Inc (ATVI) : Fridays money flow data in Activision Blizzard Inc (ATVI) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $4.6 million, whereas, $2.64 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.75, in favor of the bulls. The total money flow into the stock was $1.96 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $2.19 million. The total value of block trades done on upticks was $2.68 million. The value of bearish trades on downticks was only $0.49 million.The up/down ratio in the block trades was a healthy 5.45 in favor of the bulls, suggesting strong buying in the stock by large traders. Activision Blizzard Inc (ATVI) fell $0.15 and traded at $41.12, down -0.36% for the day, over previous days close. On a weekly basis, the shares are -2.56% over the previous weeks close.
Activision Blizzard Inc (ATVI) : The consensus price target for Activision Blizzard Inc (ATVI) is $42.13 for the short term with a standard deviation of $3.34. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $45, however, the pessimist price target for the company is $32.
Activision Blizzard Inc (NASDAQ:ATVI): stock turned positive on Friday. Though the stock opened at $41.35, the bulls momentum made the stock top out at $41.68 level for the day. The stock recorded a low of $40.93 and closed the trading day at $41.44, in the green by 0.41%. The total traded volume for the day was 4,454,531. The stock had closed at $41.27 in the previous days trading.
In a related news, Morhaime Michael, officer (Pres. & CEO-Blizzard Ent.) of Activision Blizzard, Inc., unloaded 1,150,000 shares at an average price of $38.15 on June 13, 2016. The total amount of the transaction was worth $43,872,500, according to the disclosed information 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.