Activision Blizzard Stock Bearish Momentum With A 11% Drop So Far Today

(VIANEWS) – Shares of Activision Blizzard (NASDAQ: ATVI) dropped by a staggering 11.77% to $76.53 at 14:48 EST on Wednesday, after two consecutive sessions in a row of gains. NASDAQ is rising 0.69% to $11,880.90, after two successive sessions in a row of losses. This seems, at the moment, a somewhat up trend exchanging session today.

Activision Blizzard’s last close was $86.74, 0.72% higher than its 52-week high of $86.12.

About Activision Blizzard

Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products. The company also maintains a proprietary online gaming service, Battle.net that facilitates digital distribution of content, online social connectivity, and the creation of user-generated content. In addition, it operates esports leagues and offer digital advertising content; and provides warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company's key product franchises include Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch, Overwatch League, and Candy Crush. It serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements. The company is headquartered in Santa Monica, California.

Earnings Per Share

As for profitability, Activision Blizzard has a trailing twelve months EPS of $1.92.

PE Ratio

Activision Blizzard has a trailing twelve months price to earnings ratio of 39.86. Meaning, the purchaser of the share is investing $39.86 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 8.21%.

Earnings Before Interest, Taxes, Depreciation, and Amortization

Activision Blizzard’s EBITDA is 108.93.

Revenue Growth

Year-on-year quarterly revenue growth grew by 7.9%, now sitting on 7.53B for the twelve trailing months.

Moving Average

Activision Blizzard’s value is under its 50-day moving average of $80.83 and under its 200-day moving average of $77.32.

Volume

Today’s last reported volume for Activision Blizzard is 45369493 which is 563.91% above its average volume of 6833610.

More news about Activision Blizzard (ATVI).

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