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Activision Blizzard (ATVI-Q)
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NASDAQ:ATVI
94.44
0.02
(0.02%) 1d
Financials
Technical Analysis
Oct 12, 2023, 7:59 pm
0
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SELL
computer software / processing
PARTIAL BUY
The US regulator permitted the Microsoft deal, but the UK regulator still has to decide. He added ATVi shares today.
COMMENT
UK blocks Microsoft's takeover
computer software / processing
MSFT will likely appeal and likely lose. The deal is probably dead. Also, the EU will weigh in. There's a $3 billion break-up fee for MSFT to pay ATVI.
BUY
The UK news wasn't a surprise. Remains undervalued even without the Microsoft deal.
BUY
Microsoft is trying to buy this, assuming the FTC allows this deal to happen. MSFT is paying $95 an ATVI share, bit ATVI shares are at $76. He doesn't feel the deal will be passed. If so, ATVI shares will go down, then rise again. So, you can buy this.
computer software / processing
TOP PICK
Activision Blizzard, Inc. connects and engages the world through epic entertainment. A member of the Fortune 500 and S&P 500, Activision Blizzard is a leading interactive entertainment company. It delights hundreds of millions of monthly active users around the world through franchises including Activision's Call of Duty® and Crash Bandicoot™, Blizzard Entertainment's World of Warcraft®, Overwatch®, Hearthstone®, Diablo®, and StarCraft®, and King's Candy Crush™, Bubble Witch™, and Farm Heroes™. Headquartered in Santa Monica, California, Activision Blizzard has operations throughout the world. Social media mentions are up 500% in the past 24h.
computer software / processing
$76.590
Unknown
TOP PICK
Currently trading around $75 with an accepted buyout from Microsoft at $95 a share. A potential 26% arbitrage gain. The spread can be explained by the lack of a set date for when the deal would happen and the chance of it getting canceled. Social media mentions are up 333% over the last 24h.
computer software / processing
$75.600
Unknown
TOP PICK
Microsoft recently announced the acquisition of the company. Has been facing a corporate culture crisis for the past year. Investors and employees optimistic that the takeover will benefit the company culturally and strategically. Social media mentions are up 1039% over the past week.
computer software / processing
$81.760
Unknown
DON'T BUY
Among the biggest losers on the S&P in 2021
#4, down 28%. Tricky. It could be considered a Covid, Peloton-like stock, but the other videogame companies haven't been hit as hard. Maybe it's due to ATVI delaying several new games. The elephant in the room, though is the CEO, facing a serious corporate culture viewed by Wall Street as frat boy.
computer software / processing
BUY ON WEAKNESS
Getting more compelling at these levels. Has stumbled with harassment lawsuits. Have a solid pipeline of franchises. Working on deepening the engagement of users. Beat on Q2. This name is trading at 18x 2022 with 11% compounding growth rate. Not cheap enough yet. Buy in the low $70s.
computer software / processing
PAST TOP PICK
(A Top Pick Sep 21/20, Down 3%) Got out, then bought back in around $80. Buy in tranches of $72, 65, and 57. Negative press releases dragged on the stock. Need some distance from those. Fundamentals remain strong. Build a position here in stages.
computer software / processing
BUY
Price target of $97.75, still a decent runway ahead. Litigation drove the stock down. Just reported, with great results on top and bottom lines. Litigation is still there, but firing on all cylinders. Demand is very strong.
computer software / processing
PAST TOP PICK
(A Top Pick Dec 29/20, Up 4.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with ATVI has triggered its stop at $84. We recommend covering the balance of the position at this time. Combined with the previous recommendation to cover 50% of the position, this will result in a combined return on investment exceeding 11%.
computer software / processing
SELL
Allan Tong’s Discover Picks The sexual harassment suit contains allegations that have yet to be tested in court, however, the Warcraft debacle is fact. If you’re an ESG| investor, then ATVI is toxic. If you’re not, then these recent headlines raise red flags about how Activision is run and raise doubts about the company’s future performance. The Warcraft III report alone is troubling, enough to avoid this stock. Another point to consider is ATVI’s chart. Even before either bombshell landed, ATVI shares had been tumbling for a month while other tech stocks and the Nasdaq had been touching new highs. It also didn’t help that investors consider video game stocks as pandemic plays. I disagree with this; people will continue to play video games regardless of Covid. Read The Disney Stock (DIS) is coming back, Blizzard Stock is a Sell (ATVI) and the new BARK Stock as a speculative buy. for our full analysis.
computer software / processing
PARTIAL SELL
Makes up 27% of the caller's portfolio He doesn't know about veracity of the sexual harassment accusation and their alleged "frat boy culture" (the state of California has launched a suit this week), but all the video game companies are viewed as pandemic plays. Wait two more quarters. However, if you hold 27% of your portfolio in ATVI, trim it to 15%. ATVI is well run.
computer software / processing
Activision Blizzard(ATVI-Q) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Activision Blizzard(ATVI-Q) Frequently Asked Questions
What is Activision Blizzard stock symbol?
Activision Blizzard is a American stock, trading under the symbol ATVI-Q on the NASDAQ (ATVI). It is usually referred to as NASDAQ:ATVI or ATVI-Q
Is Activision Blizzard a buy or a sell?
In the last year, there was no coverage of Activision Blizzard published on Stockchase.
Is Activision Blizzard a good investment or a top pick?
Activision Blizzard was recommended as a Top Pick by on . Read the latest stock experts ratings for Activision Blizzard.
Why is Activision Blizzard stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Activision Blizzard worth watching?
0 stock analysts on Stockchase covered Activision Blizzard In the last year. It is a trending stock that is worth watching.
What is Activision Blizzard stock price?
On 2023-10-12, Activision Blizzard (ATVI-Q) stock closed at a price of $94.44.
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From today's price, $5.50 is in play. As a shareholder, you have to decide if it's worth holding onto your shares to get your $95 per share. There is a chance that the FTC is successful in challenging the US court order, in which case you'd want to exit now. He'd probably take his money and go, as there's a lot to be said for certainty.