Streetbeat News

ATVI

Activision Blizzard Inc

https://www.activisionblizzard.com/

CEO

Robert Kotick

Employees

2,373

Industry

Software Publishers

activision blizzard is the world's most successful standalone interactive entertainment company. our portfolio includes some of the biggest franchises in all of entertainment, developed by the incredibly talented teams at activision publishing, blizzard entertainment, king digital entertainment, activision blizzard studios, major league gaming, and our independent studios, including toys for bob, infinity ward, sledgehammer games and treyarch. our central corporate operations provide shared services such as finance, it, sales and supply chain, human resources and legal.

Open

94.48

Mkt cap

74B

Volume

7.1M

High

94.54

P/E Ratio

34.59

52-wk high

94.57

Low

94.31

Div yield

N/A

52-wk low

70.94

Amazon Prime Gaming subscribers can now get a $15 'Call of Duty' bundle for free as part of the August and September rewards. The bundle includes various cosmetics that can be used in 'Call of Duty: Modern Warfare 2', 'Call of Duty: Warzone', and 'Call of Duty: Modern Warfare 3'. This is the second bundle in the World Series of Warzone promotion, suggesting more bundles in the future. Activision Blizzard has also announced that content acquired in Modern Warfare 2 will carry over to Modern Warfare 3.

Portfolio Pulse from Franca Quarneti

August 28, 2023 | 8:34 pm

The Federal Trade Commission (FTC) has paused its legal challenge against Amgen's proposed acquisition of Horizon Therapeutics, valued at $27.8 billion. This pause allows for potential settlement discussions. The FTC had concerns that Amgen could use its dominant position to solidify monopolies for Horizon's leading treatments. Amgen has assured it would not bundle Horizon's treatments with its own product line, a move that could give them an undue advantage. The FTC's decision to pause is rare, as it has been proactive in scrutinizing deals and initiating legal actions to prevent them.

Portfolio Pulse from Bibhu Pattnaik

August 26, 2023 | 4:28 pm

Activision Blizzard (NASDAQ:ATVI) has outperformed the market over the past 10 years by 8.2% on an annualized basis, producing an average annual return of 18.54%. If an investor had bought $100 of ATVI stock 10 years ago, it would be worth $559.76 today.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 6:30 pm

Activision Blizzard Inc (ATVI) has announced that Lara Croft from Tomb Raider will be featured in Call of Duty. This follows the inclusion of other characters and crossovers with artists. The announcement was made on X, formerly known as Twitter. Specific details are not yet disclosed, but players will likely need to purchase a Call of Duty bundle to play as Lara Croft. After Square Enix (SQNX) sold Crystal Dynamics and the Tomb Raider license last year, the future of the series was uncertain. In December, Crystal Dynamics and Amazon.com, Inc.'s (AMZN) Amazon Games revealed its collaboration on a new Tomb Raider game.

Portfolio Pulse from Franca Quarneti

August 24, 2023 | 9:35 pm

A significant bullish stance has been taken on Activision Blizzard (NASDAQ:ATVI) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is 76% bullish and 23% bearish. The whales have been targeting a price range from $80.0 to $92.5 for Activision Blizzard over the last 3 months. The current price of ATVI is $91.77, with the stock considered neutral between overbought and oversold.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 4:16 pm

Europe saw a 34% increase in console and PC game sales in July 2023, reaching 11.6 million units. Digital downloads accounted for 7.9 million units, a 60% increase. Take-Two Interactive Software's Grand Theft Auto 5 (GTA 5) continues to dominate the European sales charts, despite competition from newer games. Electronic Arts' FIFA 23 secured second place. Sony's PS5 led console sales with a 244% increase YoY.

Portfolio Pulse from Franca Quarneti

August 22, 2023 | 8:57 pm

Nvidia Corp has announced that Fortnite, developed by Epic Games, will feature the third generation of DLSS (Deep Learning Super Sampling) technology. DLSS 3 is an AI-driven performance enhancement tool that can significantly boost frame rates in supported games. However, it is only compatible with Nvidia's RTX 40 series graphics cards. Nvidia also announced that several other games, including Activision Blizzard's Call of Duty: Modern Warfare 3, will be getting DLSS 3 support.

Portfolio Pulse from Franca Quarneti

August 22, 2023 | 6:38 pm

S&P Global Ratings has downgraded several US regional banks due to the Federal Reserve's monetary policy. YouTube, a subsidiary of Alphabet Inc, has unveiled its AI music principles in partnership with Universal Music Group. Titan Global Capital Management USA LLC has agreed to pay over $1 million to settle charges by the SEC. Teva Pharmaceutical Industries Limited has agreed to pay $225 million in criminal fines to settle charges related to price fixing. The FDA has approved Pfizer Inc's Abrysvo vaccine. Apollo Global Management Inc has acquired a majority interest in Composite Advanced Technologies Inc. Microsoft Corp has revised its proposal to purchase Activision Blizzard Inc. Retailers with pharmacy businesses are seeing a boost in sales due to increased demand for prescription weight loss drugs. Amazon.Com Inc has unveiled its Fire TV Channels app. Waystar Inc is reportedly making strides toward an IPO. Baidu Inc, Macy's Inc, BJ's Wholesale Club Holdings Inc, Medtronic Plc, Lowe's Companies Inc, and Dick's Sporting Goods Inc have all reported their Q2 earnings.

Portfolio Pulse from Vandana Singh

August 22, 2023 | 2:51 pm

The European Union is considering whether Microsoft needs to refile its deal to acquire Activision Blizzard, according to Bloomberg. The decision could potentially delay the $68.7 billion deal.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:45 pm

On CNBC's 'Halftime Report Final Trades', Bryn Talkington of Requisite Capital Management named Diamondback Energy as her final trade after it reported quarterly sales of $1.92 billion, beating the analyst consensus estimate of $1.91 billion. Stephen Weiss of Short Hills Capital Partners said Microsoft will be the 'number 1 beneficiary of AI' and mentioned its new deal submitted to U.K. regulators for the takeover of Activision Blizzard. Joseph Terranova of Virtus Investment Partners picked Broadcom, which expects its VMware acquisition to close at the end of October. Jim Lebenthal of Cerity Partners chose Exxon Mobil, which reported weaker-than-expected second-quarter earnings.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 1:42 pm

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