Taking a Closer Look At Activision Blizzard Inc. (ATVI) Following Its Recent Trade


In a filing, Activision Blizzard Inc. revealed its President and COO Alegre Daniel unloaded Company’s shares for reported $0.78 million on Sep 09. In the deal valued at $78.16 per share,10,000 shares were sold. As a result of this transaction, Alegre Daniel now holds 176,690 shares worth roughly $ 13.56 million.

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Then, ZERZA ARMIN sold 10,174 shares, generating $816,170 in total proceeds. Upon selling the shares at $80.22, the Chief Financial Officer now owns 186,117 shares.

Before that, ZERZA ARMIN sold 3,295 shares. Activision Blizzard Inc. shares valued at $255,495 were divested by the Chief Financial Officer at a price of $77.54 per share. As a result of the transaction, ZERZA ARMIN now holds 196,291 shares, worth roughly $15.06 million.

Deutsche Bank upgraded its Activision Blizzard Inc. [ATVI] rating to a Buy from a a Hold in a research note published on Monday, February 16, 2023; the price target was increased to $90 from $83. PT values the company’s stock at a premium of 14.73 to its Monday closing price. Edward Jones also remained covering ATVI and has increased its forecast on December 06, 2022 with a “Buy” recommendation from previously “Hold” rating. Wells Fargo revised its rating on November 28, 2022. It rated ATVI as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of ATVI

On Monday, Activision Blizzard Inc. [NASDAQ:ATVI] saw its stock fall -0.10% to $76.74. On the same session, the stock had its day’s lowest price of $76.32, but rose to a high of $77.16. Over the last five days, the stock has lost -1.07%. Activision Blizzard Inc. shares have risen nearly 0.25% since the year began. Nevertheless, the stocks have fallen -5.27% over the past one year. While a 52-week high of $81.83 was reached on 01/09/23, a 52-week low of $70.94 was recorded on 02/06/23. SMA at 50 days reached $76.10, while 200 days put it at $76.40. A total of 3.91 million shares were traded, compared to the trading of 3.9 million shares in the previous session.

Levels Of Support And Resistance For ATVI Stock

The 24-hour chart illustrates a support level at 76.32, which if violated will result in even more drops to 75.90. On the upside, there is a resistance level at 77.16. A further resistance level may holdings at 77.58. The Relative Strength Index (RSI) on the 14-day chart is 52.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.07%. Stochastics %K at 82.37% indicates the stock is a selling.

How much short interest is there in Activision Blizzard Inc.?

A steep rise in short interest was recorded in Activision Blizzard Inc. stocks on Jan 12, 2023, growing by 1.84 million shares to a total of 18.05 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 16.21 million shares. There was a rise of 10.19%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.33% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.91.

Activision Blizzard Inc. [ATVI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 58,866,453 shares, or roughly 7.52% of the outstanding ATVI shares. In other words, the investor’s shares have risen by 847,328 from its previous 13-F filing of 58019125.0. Additionally, Berkshire Hathaway, Inc. decreased -12.35% of its stake after which the total value it holdings stand at $4,036,546,433, while BlackRock Fund Advisors reduced -1.91% of its stake to hold $2.9 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -282,516 shares of Activision Blizzard Inc., while Fidelity Management & Research Co sold 1,231,637 shares. At present, Geode Capital Management LLC is holding 15,380,074 shares valued at $1.18 billion. Flossbach von Storch AG owned 11,427,722 shares of the company at the time of its most recent 13F filing, worth $875.02 million.

According to FactSet, Activision Blizzard Inc.’s share price will average $91.43 in the next year, based on opinions of analysts polled by the firm. This is up nearly 23.67 percent from its previous closing price of $76.82. Analysts expect Activision Blizzard Inc. stock to reach the higher price of $95.00, while the lowest price estimate is $80.00. However, 24 analysts have rated ATVI stock as an Overweight in their predictions for 2023.


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