Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.3%. By the end of trading, Activision Blizzard fell $0.47 (-3.0%) to $15.28 on average volume. Throughout the day, 9,810,290 shares of Activision Blizzard exchanged hands as compared to its average daily volume of 6,986,700 shares. The stock ranged in price between $15.16-$15.68 after having opened the day at $15.68 as compared to the previous trading day's close of $15.75. Other companies within the Technology sector that declined today were:
), down 13.6%,
), down 11.6%,
), down 11.1% and
), down 10.5%.
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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 $17.4 billion and is part of the computer software & services industry. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7. Shares are up 47.0% year to date as of the close of trading on Tuesday. 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
. 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, solid stock price performance, 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,
Renewable Energy Trade Board
), down 80.0%,
), down 16.5%,
), down 13.9% and
), down 13.3% , 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
- Find other investment ideas from our top rated ETFs lists.
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