Activision Blizzard Sees Unusually Large Options Volume (ATVI)
Shares of Activision Blizzard (NASDAQ:ATVI) was the recipient of unusually large options trading activity on Monday. Investors purchased 13,177 call options on the company, AnalystRatingsNetwork.com reports. This is an increase of 134% compared to the average volume of 5,628 call options.
A number of research firms have recently commented on ATVI. Analysts at Zacks downgraded shares of Activision Blizzard from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a $19.60 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. Finally, analysts at Benchmark Co. initiated coverage on shares of Activision Blizzard in a research note to investors on Wednesday, August 7th. They set a “buy” rating and a $20.31 price target on the stock. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $19.09.
Activision Blizzard (NASDAQ:ATVI) traded up 4.39% on Monday, hitting $17.83. 10,882,527 shares of the company’s stock traded hands. Activision Blizzard has a 52 week low of $10.45 and a 52 week high of $18.43. The stock’s 50-day moving average is $16.85 and its 200-day moving average is $15.63. The company has a market cap of $19.960 billion and a price-to-earnings ratio of 14.34.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, August 1st. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 42.3% on a year-over-year basis. 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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