Activision Blizzard Sees Unusually Large Options Volume (ATVI)
Shares of Activision Blizzard (NASDAQ:ATVI) saw some unusual options trading on Friday. Stock investors bought 35,783 call options on the company, StockRatingsNetwork reports. This is an increase of 446% compared to the typical volume of 6,550 call options.
In other Activision Blizzard news, CEO Eric Hirshberg sold 66,400 shares of Activision Blizzard stock on the open market in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $17.20, for a total value of $1,142,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Benchmark Co. initiated coverage on shares of Activision Blizzard (NASDAQ:ATVI) in a research note to investors on Wednesday, August 7th. They set a “buy” rating and a $20.31 price target on the stock. Separately, analysts at Brean Capital raised their price target on shares of Activision Blizzard (NASDAQ:ATVI) from $19.00 to $20.00 in a research note to investors on Friday, August 2nd. Finally, analysts at UBS AG raised their price target on shares of Activision Blizzard (NASDAQ:ATVI) from $17.00 to $21.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $19.09.
Shares of Activision Blizzard (NASDAQ:ATVI) opened at 16.99 on Monday. Activision Blizzard has a 52 week low of $10.45 and a 52 week high of $18.43. The stock has a 50-day moving average of $17.05 and a 200-day moving average of $15.40. The company has a market cap of $19.020 billion and a P/E ratio of 14.27.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, August 1st. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.01. The company had revenue of $608.00 million for the quarter, compared to the consensus estimate of $605.21 million. During the same quarter last year, the company posted $0.20 earnings per share. Activision Blizzard’s revenue was down 42.3% compared to the same quarter last year. Analysts expect that Activision Blizzard will post $0.89 EPS for the current fiscal year.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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