SAN FRANCISCO (TheStreet) -- Activision Blizzard (ATVI) - Get Report jumped Friday, after the company announced that two of its video games ranked among the best sellers in the world. E2open (EOPN) soared after reports surfaced that the cloud company may be seeking a buyer, while telecom giant AT&T (T) - Get Report inched up on word that it closed its acquisition of Iusacell.
Activision rose 9.2% to end the day at $20.25.
The games developer said its wholly owned subsidiary Activision Publishing came away with two strong winners in 2014. Call of Duty: Advanced Warfare was the top-selling console video game in the world last year, while its Skylanders Trap Team ranked as the top-selling children's video game in the world.
The Call of Duty franchise is a repeat performer. This marks the sixth consecutive year Call of Duty games have been top-selling console games in the U.S.
Activision's latest pat on the back is apparently driving the stock higher. But some investors eyeing its shares may view the company as oversold and potentially ripe for jumping back in, notes a report in Forbes.
E2open surged 22.9% to close at $6.72.
The cloud company, which sells its software service to customers seeking supply-chain management, reportedly hired Bank of America to find it a potential buyer, according to a report in The Wall Street Journal. This move comes after its stock has taken a beating, falling 43% since Dec. 31 to yesterday's close.
Interestingly enough, E2open on Friday adopted a shareholders' rights plan, otherwise known as a poison pill, designed to keep unwanted bidders away. If any person or group acquires more than a 10% stake in E2open, it would trigger the release of more E2open shares on the market and dilute that hostile investor's stake.
E2open's interest in selling comes as the company finds its earnings outlook is waning, notes the Journal.
AT&T shares inched up 1.6% to close at $33.80.
The telecom giant gained after closing its acquisition of Iusacell, a Mexican wireless company that reaches 70% of the country's population.
With the acquisition, AT&T is aiming to become the first North American mobile service that spans both the U.S. and Mexico as a single network. The acquisition will give AT&T access to 400 million consumers.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.