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Activision (ATVI) Looks Good: Stock Adds 5.9% in Session

Zacks Equity Research
Updated

Activision Blizzard, Inc. ATVI was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $60.87 –$65.49 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company reported huge sales of its latest game titled Call of Duty that released last weekend.

The company has seen a mixed track record when it comes to estimate revisions of four increases and five decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarterremained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Activision currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.  

Activision Blizzard, Inc Price

Activision Blizzard, Inc Price | Activision Blizzard, Inc Quote

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Another stock worth considering in the Toys - Games - Hobbies industry is Nintendo Co. NTDOY which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.

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