Activision Blizzard Reportedly Cutting Hundreds of Jobs This Week

Activision Blizzard Reportedly Cutting Hundreds of Jobs This Week

Notable Experts have a mean recommendation of 2 on this stock. It dropped -7.6% in recent trade and now has a stock-market value of $30.99B.

Ticker's shares touched $40.11 during the last trading session after 7.60% change.Activision Blizzard, Inc. has volume of 6,437 shares. In the second quarter past year, the firm recorded $0.41 earnings per share.

If it can do that, the stock - still down 48% from its 52-week high - should rebound strongly. Now the market price is down -39.07% on the year and down -13.87% YTD.

50-day "SMA" is more useful at showing position trading trends lasting 50 days. The current EPS for the company has recorded at $1.58.

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Nothing has been revealed officially as of yet by Activision Blizzard so do take this news with the tiniest pinch of salt that you can find. (ATVI). CEO, King Zacconi Riccardo sold 19,761 shares for $14,083 in transaction occurred on 2018/08/20. On the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ATVI's 10-day call/put ratio of 5.45 stands in the 99th percentile of its annual range. The selling total is valued at $847,123.

"As we went through the end of the year and our financial planning for 2019, it indicated that Destiny would not have been a material contributor to operating income to our business.". Fortnite's marketing efforts constantly bring a level of hype to the game, while Activision Blizzard's fall slightly short - all due to the fact that Fortnite is completely free. The Activision Blizzard, Inc. generated $1,658.00 million in revenue during the last quarter, which is slightly higher than the $1,657.00 million predicted by analysts. Moving on to look at the price, the movement in the past 5 days was +3.64, while this stock's price moved +2.28% higher in the past 100 days. The average price target of $59.89 calls for a almost 49.31% increase in the stock price.

Net profit margin of the company is seen at 8.10%. Low ratio discloses poor current and future performance. The stock has a debt/capital of 0.25. Thompson Davis has 0.35% invested in Activision Blizzard, Inc. (NASDAQ:ATVI). Glenmede Tru Na reported 4,706 shs or 0% of all its holdings. ATVI last reported earnings on November 08, 2018 when it released Sep-18 results that exceeded expectations. EPS growth in next year is estimated to reach -1.85% while EPS growth estimate for this year is set at -7.00%. That was better than consensus for $0.5. This compares to the year-ago quarter when earnings came to 94 cents per share on revenue of $2.64 billion. (NASDAQ:ATVI) has been pegged with a rating of Buy by The Benchmark Company in its latest research note that was published on February 11th, 2019.

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