Activision Blizzard Top 2 Execs Sell Shares

Shares of Activision Blizzard were down more than 4% after the company's CEO and chairman sold a combined 17.5 million shares of the company's stock.
Author:
Publish date:

Shares of Activision Blizzard (ATVI) - Get Report  were down more than 4% after the company's CEO and chairman sold a combined 17.5 million shares of the company. CEO Bobby Kotick raised $709 million while cutting his stake in the company by almost half. Kotick's stake now totals 20.1 million shares; Chairman Brian Kelly has 17.1 million remaining shares.