|

ATVI Stock Forecast: Activision Blizzard dips further during volatile day for the markets

  • 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

ATVI Stock

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:

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to PremiumSign In

Author

More from Stocks Reporter
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD softens below 1.1750 after Fed Minutes

The EUR/USD pair attracts some sellers near 1.1745 during the early Asian session on Wednesday. The US Dollar edges higher against the Euro after the release of minutes from the Federal Reserve's December meeting. The US Initial Jobless Claims report will be released later in the day. Trading volumes are expected to remain thin ahead of the New Year holidays.

GBP/USD trades flat above 1.3450 amid thin trading volume

The GBP/USD pair holds steady around 1.3465 during the early Asian trading hours on Wednesday. However, the Bank of England guided that monetary policy will remain on a gradual downward path, which might underpin the Cable against the US Dollar. Financial markets are expected to trade on thin volumes as traders prepare for the New Year holiday.

Gold stable above $4,350 as the year comes to an end

Gold price got to recover some modest ground on Tuesday, holding on to intraday gains and changing hands at $4,360 a troy ounce in the American afternoon. The bright metal showed no reaction to the release of the FOMC December meeting minutes.

Zcash treasury Cypherpunk Technologies acquires $29 million additional tokens as ZEC battles key resistance

Zcash (ZEC) treasury firm Cypherpunk Technologies announced on Tuesday that it has acquired 56,418 ZEC for $29 million. The company executed the latest purchase at an average price of $514 per ZEC.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).