ATVI Stock Forecast: Activision Blizzard dips further during volatile day for the markets
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UPGRADE- NASDAQ:ATVI fell by 0.43% during Wednesday’s trading session.
- Microsoft is seeking to unseat Nintendo and Sony as the leader in the gaming industry.
- Electronic Arts is set to report its earnings as markets look for another potential acquisition target.
NASDAQ:ATVI fell for the third straight session on Wednesday, as the markets whipsawed from green to red in the afternoon. Shares of ATVI fell a further 0.43% and closed the trading session at $78.78. The stock hasn’t shown much pep following the announcement of its acquisition by tech giant Microsoft (NASDAQ:MSFT). Tech stocks were higher in the morning but trailed off into the closing bell. The NASDAQ managed a small gain of 0.02%, while the Dow Jones fell by 130 basis points and the S&P 500 dropped a further 0.15% during yet another tumultuous session for the US markets.
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Microsoft’s acquisition of Activision Blizzard set a record for the largest tech takeover in history. It sends a clear message that one of the largest and most powerful companies in the world is bullish on the gaming industry moving forward. Since the next generation consoles were released, Microsoft has trailed Sony’s Playstation 5 in terms of global sales. If Microsoft chooses to make some of Activision Blizzard’s marquee franchises exclusive to the Xbox ecosystem, we could see a migration to Microsoft for fans of Call of Duty or Overwatch.
Activision stock news
Another gaming titan, Electronic Arts (NASDAQ:EA) is set to report its quarterly earnings on February 1st. The company has actually already raised 2022 guidance twice over the past year which is a positive sign for shareholders. EA has been rumored to be an acquisition target in the past, and some industry analysts have pondered if Sony would make a corresponding move to match what Microsoft just did. Shares of EA were down by 0.79% during Wednesday’s trading session.
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- NASDAQ:ATVI fell by 0.43% during Wednesday’s trading session.
- Microsoft is seeking to unseat Nintendo and Sony as the leader in the gaming industry.
- Electronic Arts is set to report its earnings as markets look for another potential acquisition target.
NASDAQ:ATVI fell for the third straight session on Wednesday, as the markets whipsawed from green to red in the afternoon. Shares of ATVI fell a further 0.43% and closed the trading session at $78.78. The stock hasn’t shown much pep following the announcement of its acquisition by tech giant Microsoft (NASDAQ:MSFT). Tech stocks were higher in the morning but trailed off into the closing bell. The NASDAQ managed a small gain of 0.02%, while the Dow Jones fell by 130 basis points and the S&P 500 dropped a further 0.15% during yet another tumultuous session for the US markets.
Stay up to speed with hot stocks' news!
Microsoft’s acquisition of Activision Blizzard set a record for the largest tech takeover in history. It sends a clear message that one of the largest and most powerful companies in the world is bullish on the gaming industry moving forward. Since the next generation consoles were released, Microsoft has trailed Sony’s Playstation 5 in terms of global sales. If Microsoft chooses to make some of Activision Blizzard’s marquee franchises exclusive to the Xbox ecosystem, we could see a migration to Microsoft for fans of Call of Duty or Overwatch.
Activision stock news
Another gaming titan, Electronic Arts (NASDAQ:EA) is set to report its quarterly earnings on February 1st. The company has actually already raised 2022 guidance twice over the past year which is a positive sign for shareholders. EA has been rumored to be an acquisition target in the past, and some industry analysts have pondered if Sony would make a corresponding move to match what Microsoft just did. Shares of EA were down by 0.79% during Wednesday’s trading session.
Like this article? Help us with some feedback by answering this survey:
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