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Activision Blizzard (ATVI) Looks Good: Stock Adds 7.1% in Session

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Activision Blizzard, Inc. (ATVI - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $68.93 to $74.91 in the past one-month time frame.

The upmove came after Benchmark reiterated its buy rating on the stock, citing optimistic views on ‘Call of Duty’ in battle-royale mode.

The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Activision Blizzard currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the Toys - Games - Hobbies industry is Glu Mobile Inc. (GLUU - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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