Activision Blizzard (ATVI) Receiving Somewhat Positive News Coverage, Report Finds
News stories about Activision Blizzard (NASDAQ:ATVI) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Activision Blizzard earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.0473604033281 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern’s analysis:
- Stocks Views And Recommendations: MiMedx Group, Inc. (MDXG), Activision Blizzard, Inc. (ATVI) – AllStockNews (allstocknews.com)
- Activision Offers Call of Duty: WWII Private Multiplayer Beta – Nasdaq (nasdaq.com)
- Going Through the Figures for Activision Blizzard, Inc. (ATVI) and Glu Mobile Inc. (GLUU)? – Economic News (economicsandmoney.com)
- Activision Blizzard, Inc. (ATVI): Ignore Temporary Headwinds and Buy the Stock – Library For Smart Investors (libraryforsmartinvestors.com)
- The ‘Destiny 2’ PC Beta Is Blowing Me Away (finance.yahoo.com)
A number of brokerages recently issued reports on ATVI. UBS AG restated a “buy” rating and issued a $60.00 target price (up previously from $57.00) on shares of Activision Blizzard in a research note on Friday, May 5th. Wedbush set a $63.00 target price on Activision Blizzard and gave the stock a “buy” rating in a research note on Saturday, May 6th. Cowen and Company restated an “outperform” rating and issued a $66.00 target price (up previously from $59.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Robert W. Baird restated an “outperform” rating and issued a $68.00 target price (up previously from $60.00) on shares of Activision Blizzard in a research note on Thursday, August 10th. Finally, Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 target price for the company in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $62.56.
Shares of Activision Blizzard (NASDAQ:ATVI) opened at 63.48 on Wednesday. The firm has a market capitalization of $47.92 billion, a PE ratio of 42.86 and a beta of 1.07. Activision Blizzard has a 12-month low of $35.12 and a 12-month high of $64.48. The company has a 50-day moving average price of $61.49 and a 200 day moving average price of $54.65.
In related news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the transaction, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian G. Kelly sold 111,239 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the transaction, the director now directly owns 189,791 shares in the company, valued at $11,850,550.04. The disclosure for this sale can be found here. Insiders have sold 4,074,879 shares of company stock worth $252,196,001 over the last ninety days. 2.12% of the stock is currently owned by insiders.
About Activision Blizzard
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
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