Stock Traders Purchase Large Volume of Activision Blizzard Call Options (ATVI)
Shares of Activision Blizzard (NASDAQ:ATVI) were the target of unusually large options trading on Wednesday. Stock traders acquired 34,937 call options on the stock, Stock Ratings News reports. This represents an increase of approximately 1,043% compared to the typical volume of 3,057 call options.
ATVI has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday. They now have a $25.00 price target on the stock, up previously from $24.00. Separately, analysts at Wedbush reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday. They now have a $30.00 price target on the stock, up previously from $22.00. Finally, analysts at Brean Capital reiterated a “buy” rating on shares of Activision Blizzard in a research note on Wednesday. They now have a $24.00 price target on the stock, up previously from $23.00. Thirteen analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $23.62.
Activision Blizzard (NASDAQ:ATVI) traded up 8.80% on Wednesday, hitting $21.01. The stock had a trading volume of 20,042,978 shares. Activision Blizzard has a 52-week low of $13.27 and a 52-week high of $21.50. The stock’s 50-day moving average is $19.97 and its 200-day moving average is $18.47. The company has a market cap of $14.967 billion and a P/E ratio of 20.33.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.09. The company had revenue of $772.00 million for the quarter, compared to the consensus estimate of $688.23 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts predict that Activision Blizzard will post $1.30 earnings per share 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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