Activision Blizzard Inc (ATVI) Shares are Down -2.82%

Activision Blizzard Inc (ATVI) : During the past 4 weeks, traders have been relatively bearish on Activision Blizzard Inc (ATVI), hence the stock is down -3.89% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.79% relative to the S&P 500. The 4-week change in the price of the stock is -3.52% and the stock has fallen -2.82% in the past 1 week.

Activision Blizzard, Inc. is up 6.53% in the last 3-month period. Year-to-Date the stock performance stands at 4.12%. The stock has recorded a 20-day Moving Average of 1.82% and the 50-Day Moving Average is 0.25%.


Activision Blizzard Inc (NASDAQ:ATVI): The stock opened at $40.13 on Friday but the bulls could not build on the opening and the stock topped out at $40.29 for the day. The stock traded down to $39.78 during the day, due to lack of any buying support eventually closed down at $39.98 with a loss of -0.10% for the day. The stock had closed at $40.02 on the previous day. The total traded volume was 6,064,305 shares.

Also, Barclays maintains its rating on Activision Blizzard Inc (NASDAQ:ATVI). The global brokerage major raises the current price target from $42 per share to $45 per share. Analysts at the Barclays have a current rating of Overweight on the shares. The rating by the firm was issued on August 5, 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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