Activision Blizzard Reportedly Cutting Hundreds of Jobs This Week

Daniel Fowler
February 12, 2019

Ticker's shares touched $40.11 during the last trading session after 7.60% change.Activision Blizzard, Inc. has volume of 6,437 shares.

As a general matter investors should not rely exclusively on an analyst's recommendation when deciding whether to buy, sell or hold a stock. For the financial results of the preceding quarter, the company posted earnings of 0.41, in comparison to the average analyst forecast of 0.35 - representing a difference of 0.06 and a surprise factor of 16.74. (NASDAQ:ATVI) news were published by: Nasdaq.com which released: "Activision Blizzard (ATVI) Q3 Earnings: What's in the Cards?"

Additionally, gaming company Activision Blizzard will be in focus when it reports earnings after the bell on Tuesday. The firm has "Overweight" rating given on Monday, October 15 by Barclays Capital.

Net profit margin of the company is seen at 8.10%. In a research note published on December 19th, 2018 from BofA/Merrill Upgrade the shares of HSY to $120.Additionally, in a research note made public on September 14th, 2018, Analysts at Deutsche Bank Reiterated common shares of HSY stock to Hold - combined with a 12-month price target of $110. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.66 billion. EPS growth in next year is estimated to reach 0.38% while EPS growth estimate for this year is set at -7%. The firm's revenue was down 12.6% compared to the same quarter previous year.

Large investors have recently modified their holdings of the business.

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Now keeping in the same vein of current price performance, Activision Blizzard, Inc. has a total market capitalization right now sitting at 32.76B - with $754.59M total shares outstanding at the time of writing. Ipswich Investment Management Co. Wall Street's most bullish Activision Blizzard, Inc. Institutional investors and hedge funds own 89.88% of the company's stock.

First, Monday was the first full day of stock trading following the reports of "hundreds" of layoffs hitting the company this week.

Tracking the closing price and 52-week high, the current price movement shows that the stock price positioned negative when compared against the 52-week high. The company's stock now has a total float of 754.25M shares. Return on assets ratio of the Company was 3.20%.

Activision Blizzard, Inc. develops and distributes content and services on video game consoles, personal computers, and mobile devices.The company has $30.61 billion market cap. The Benchmark Company wasn't the only research firm that published a report of Activision Blizzard, Inc., with other equities research analysts also giving their opinion on the stock.

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