Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Activision Blizzard ( ATVI) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole was unchanged today. By the end of trading, Activision Blizzard rose $0.28 (1.6%) to $17.25 on average volume. Throughout the day, 5,577,356 shares of Activision Blizzard exchanged hands as compared to its average daily volume of 7,132,400 shares. The stock ranged in a price between $17.06-$17.37 after having opened the day at $17.18 as compared to the previous trading day's close of $16.97. Other companies within the Computer Software & Services industry that increased today were: Liquid Holdings Group ( LIQD), up 17.6%, FAB Universal ( FU), up 11.5%, Top Image Systems ( TISA), up 8.8% and Park City Group ( PCYG), up 5.9%.
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 $18.9 billion and is part of the technology sector. Shares are up 59.1% year to date as of the close of trading on Friday. 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 buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.