Activision Blizzard Inc. (ATVI): Today's Featured Technology Laggard
(
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.8%. By the end of trading, Activision Blizzard fell $0.30 (-2.0%) to $15.01 on light volume. Throughout the day, 5,604,059 shares of Activision Blizzard exchanged hands as compared to its average daily volume of 7,668,900 shares. The stock ranged in price between $14.90-$15.31 after having opened the day at $15.24 as compared to the previous trading day's close of $15.31. Other companies within the Technology sector that declined today were:
(
), down 14.9%,
(
), down 10.2%,
(
), down 7.2% and
(
), down 7.2%.
Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment products worldwide. It operates in three segments: Activision, Blizzard, and Distribution. Activision Blizzard has a market cap of $16.7 billion and is part of the computer software & services industry. Shares are up 40.3% year to date as of the close of trading on Thursday. Currently there are 18 analysts that rate Activision Blizzard a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Activision Blizzard
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Activision Blizzard Ratings Report.
On the positive front,
(
), up 277.8%,
(
), up 49.3%,
(
), up 25.4% and
(
), up 18.2% , were all gainers within the technology sector with
(
) being today's featured technology sector leader.
- Use our technology section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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