Investors Buy Large Volume of Activision Blizzard Call Options (ATVI)
Shares of Activision Blizzard (NASDAQ:ATVI) saw unusually large options trading activity on Wednesday. Traders bought 11,131 call options on the stock, AnalystRatings.NET reports. This is an increase of 418% compared to the average daily volume of 2,150 call options.
A number of analysts have recently weighed in on ATVI shares. Analysts at Argus raised their price target on shares of Activision Blizzard from $24.00 to $30.00 in a research note on Wednesday, August 20th. They now have a “buy” rating on the stock. Separately, analysts at Longbow Research upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating in a research note on Friday, August 8th. They now have a $28.00 price target on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday, August 6th. They now have a $26.00 price target on the stock, up previously from $25.00. Twelve research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $26.34.
Shares of Activision Blizzard (NASDAQ:ATVI) traded up 0.78% on Wednesday, hitting $23.19. 3,209,276 shares of the company’s stock traded hands. Activision Blizzard has a 52-week low of $16.02 and a 52-week high of $23.79. The stock has a 50-day moving average of $22. and a 200-day moving average of $21.09. The company has a market cap of $16.638 billion and a P/E ratio of 27.30.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Tuesday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $607.75 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that Activision Blizzard will post $1.32 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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