Activision Blizzard Rises On Unusually High Volume (ATVI)
Activision Blizzard (Nasdaq:ATVI) is trading at unusually high volume Friday with 17.1 million shares changing hands. It is currently at two times its average daily volume and trading up 53 cents (+4.8%).
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. NEW YORK ( TheStreet) -- Activision Blizzard (Nasdaq: ATVI) is trading at unusually high volume Friday with 17.1 million shares changing hands. It is currently at two times its average daily volume and trading up 53 cents (+4.8%) at $11.46 as of 3:06 p.m. ET.
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Activision Blizzard has a market cap of $12.17 billion and is part of the technology sector and computer software & services industry. Shares are up 2.9% year to date as of the close of trading on Thursday. Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment worldwide. It develops and publishes PC-based computer games and maintains its proprietary online-game related service, Battle.net. The company has a P/E ratio of 14, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Activision Blizzard as a hold. 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 and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Activision Blizzard Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.