Somewhat Positive Media Coverage Somewhat Unlikely to Affect Activision Blizzard (ATVI) Share Price
News headlines about Activision Blizzard (NASDAQ:ATVI) have trended somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Activision Blizzard earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.7419810618523 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Interesting ATVI Put And Call Options For January 2020 (stockoptionschannel.com)
- Why Video Game Stocks’ Hot Streak May Get Hotter (finance.yahoo.com)
- Call of Duty Celebrates the Power of Camaraderie and Thrill of Reuniting with Friends with Live-Action Trailer “Reassemble!” (finance.yahoo.com)
- Ten Things To Grind For Until ‘Destiny 2’ Fixes Its Endgame (finance.yahoo.com)
- Be careful about Activision Blizzard, Inc. (ATVI) after recent swing – Wall Street Morning (wallstreetmorning.com)
A number of equities analysts recently commented on the company. Cowen and Company reiterated an “outperform” rating and issued a $66.00 price target (up from $59.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Robert W. Baird reiterated an “outperform” rating and issued a $68.00 price target (up from $60.00) on shares of Activision Blizzard in a research note on Thursday, August 10th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a research note on Wednesday, August 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $78.00 price target (up from $68.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $75.00 price target on shares of Activision Blizzard in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $65.33.
Shares of Activision Blizzard (NASDAQ ATVI) opened at 61.48 on Tuesday. Activision Blizzard has a one year low of $35.12 and a one year high of $66.58. The company’s 50-day moving average price is $63.81 and its 200 day moving average price is $58.93. The company has a market cap of $46.41 billion, a PE ratio of 41.51 and a beta of 1.10.
In related news, Director Brian G. Kelly sold 3,685,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $61.93, for a total value of $228,212,050.00. Following the transaction, the director now directly owns 189,791 shares in the company, valued at $11,753,756.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Riccardo Zacconi sold 19,761 shares of the 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 completion of the transaction, the chief executive officer now owns 48,472 shares in the company, valued at $2,972,303.04. 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 three months. 2.12% of the stock is owned by insiders.
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Activision Blizzard Company Profile
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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