Large Inflow of Money Detected in Activision Blizzard Inc

Activision Blizzard Inc (ATVI) : Investors lapped up stocks on upticks to the tune of $12.86 million in the Tuesdays trading session. The trading value on downticks was comparatively at $10.61 million and the uptick to downtick ratio of 1.21 indicates continuous buying by the bulls. The net money flow into the stock was $2.25 million. The block trades were dominated by the bulls with a healthy 5.4, uptick to downtick ratio. Only $0.72 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $3.87 clearly indicating buying by large investors. The total money flow for block trades stood at $3.15 million, which is a positive for the stock in the long-term. Activision Blizzard Inc (ATVI) fell $0.1 during the day at $41.2, a drop of -0.23% over the previous days close. However, for the week, the stock is 0.35%, compared to the previous week.


Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Activision Blizzard Inc (NASDAQ:ATVI). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $42 per share to $45 per share. The rating by the firm was issued on August 5, 2016.

Shares of Activision Blizzard, Inc. rose by 2.31% in the last five trading days and 3.77% for the last 4 weeks. Activision Blizzard, Inc. is up 7.58% in the last 3-month period. Year-to-Date the stock performance stands at 8.29%.

Activision Blizzard Inc (NASDAQ:ATVI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.33 and $41.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.58, notching a gain of 0.70% for the day. The total traded volume was 5,658,039 . The stock had closed at $41.29 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Executive Officer, King) of Activision Blizzard, Inc., Zacconi Riccardo had sold 19,761 shares worth of $782,140 in a transaction dated August 17, 2016. In this transaction, 19,761 shares were sold at $39.58 per share.

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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