Large Outflow of Money Witnessed in Activision Blizzard, Inc

Activision Blizzard, Inc (ATVI) During the most recent session, the shares traded at 0.32 points or 0.78% higher at $40.53. The money flow data is unimpressive with the net money flow value of $(-11.85) million. As per the intraday data, the upticks measured $41 million and the downticks measured $52.86 million. As a result, the up/down ratio registered a value of 0.78. The shares have seen 2.31% price change for the week.A block trade also made an entry with $3.11 million flowing in through upticks while $11.37 million flew out through downticks. The block tradeoff had the up/down ratio of 0.27. The net money flow for this big transaction was $(-8.26) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Activision Blizzard, Inc. rose by 2.3% in the last five trading days and 12.07% for the last 4 weeks. Activision Blizzard, Inc. has dropped 6.25% during the last 3-month period . Year-to-Date the stock performance stands at 12.07%. Activision Blizzard, Inc (NASDAQ:ATVI) rose 0.65% or 0.26 points on Wednesday and made its way into the gainers of the day. After trading began at $40.32 the stock was seen hitting $40.56 as a peak level and $39.15 as the lowest level. The stock ended up at $40.47. The daily volume was measured at 10,384,669 shares. The 52-week high of the share price is $45.55 and the 52-week low is $26.49. The company has a market cap of $30,078 million.

Company has reported several Insider transactions to the SEC, on Nov 18, 2016, Riccardo Zacconi (Chief Executive Officer, King) sold 19,761 shares at 40.11 per share price.On Sep 16, 2016, Thomas Tippl (Chief Operating Officer) sold 75,000 shares at 43.76 per share price.On Sep 16, 2016, Robert J Morgado (director) sold 29,999 shares at 43.60 per share price.

Activision Blizzard Last issued its quarterly earnings results on Nov 3, 2016. The company reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $0.42. The company had revenue of $1568.00 million for the quarter, compared to analysts expectations of $1564.20 million. The companys revenue was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Activision Blizzard was Reiterated by Mizuho on Jan 13, 2017 to Buy, Lowers Price Target to $ 45 from a previous price target of $48 .Activision Blizzard was Reiterated by Stifel on Dec 14, 2016 to Buy, Lowers Price Target to $ 45 from a previous price target of $46 .Company shares were Reiterated by The Benchmark Company on Nov 7, 2016 to Buy, Raises Price Target to $ 50.87 from a previous price target of $49.79 .Company shares were Reiterated by Wedbush on Nov 4, 2016 to Outperform, Raises Price Target to $ 53 from a previous price target of $48 .

ACTIVISION BLIZZARD, INC. is a worldwide pure-play online and console game publisher with leading market positions across all categories of the rapidly growing interactive entertainment software industry. Activision Blizzards portfolio includes best-selling video games such as Guitar Hero, Call of Duty, and Tony Hawk, as well as Spider-Man, X-Men, Shrek, James Bond and TRANSFORMERS, leading franchises such as Crash Bandicoot and Spyro and Blizzard Entertainments StarCraft, Diablo, and Warcraft franchises including the global number one subscription-based massively multi-player online role-playing game, World of Warcraft. Activision Blizzard maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, Norway, Denmark, the Netherlands, Romania, Australia, Chile, India, Japan, China, the region of Taiwan and South Korea.


Share this post

Leave a Reply