ATVI stock news

As Activision Blizzard Inc. faces a backlash from the gaming community for siding with China over the Hong Kong protests, one analyst is concerned that… Read more
A prominent former employee at Blizzard has said he is boycotting the firm after it banned gamer Chung Ng Wai, a pro esports player who voiced support for the Hong Kong protesters in a post-game interview. Mark Kern is a video game developer who worked at Blizzard from 1997 to 2005, known for his work as team lead on hit video game 'World of Warcraft', as well as for producing 'Diablo 2' and 'Starcraft.' Chung Ng Wai is better known as Blitzchung online. During a post-match interview at Blizzard's "Hearthstone" tournament in Japan, he shouted: "Liberate Hong Kong, revolution of our age." In a Twitter thread posted on Wednesday, Kern said that "until Blizzard reverses their decision on Blitzchung, I am giving up playing Classic WoW." Blizzard – whose parent company Activision Blizzard is part-owned by Chinese tech giant Tencent – has drawn widespread criticism for its actions. Visit Business Insider's homepage for more stories. Prominent former Blizzard employee Mark Kern is boycotting his old employer after it banned pro esports player Blitzchung, real name Chung Ng Wai, for voicing support for the Hong Kong protestors. Read more
The market has been volatile in the last few months as the Federal Reserve continued its rate cuts and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by more than 10 percentage Read more
(Bloomberg) -- Activision Blizzard Inc. is facing a fierce backlash and calls for a boycott after a unit of the American video-game company punished a player for supporting Hong Kong’s protest movement, the latest cultural clash between the U.S. and China.Blizzard Entertainment banned Ng Wai Chung, known Read more
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The maker of “Call of Duty” avoided China’s wrath Tuesday by suspending a professional gamer and seizing all his winnings after he shouted “Liberate Hong Kong” during a post-game interview. Santa Monica, Calif.-based Activision Blizzard, which is 5 percent-owned by Tencent Holdings in Shenzhen, China, banned Hearthstone player Ng Wai Chung from playing in its… Read more
"Call of Duty Mobile" had a massive launch on Android and iOS with more than 100 million downloads and $10 million in revenue in its first week. Activision's "Call of Duty" is one of the best-selling video game franchise of all time and the mobile version is free-to-play. Like many popular mobile games, "Call of Duty Mobile" earns money through microtransactions. "Call of Duty Modern Warfare" will launch on PlayStation 4, Xbox One, and PC on October 18, and it's expected will be one of the most popular games of the year. Visit Business Insider's homepage for more stories. "Call of Duty Mobile" enjoyed a huge first week, amassing more than 100 million downloads on Android and iOS devices. While the game is free-to-play, it's already generated $10 million in revenue and surpassed the early success of popular mobile shooters like "Fortnite" and "PUBG Mobile," according to data from SensorTower. "Call of Duty Mobile" makes use of touchscreen controls and includes many of the same game modes and maps as the popular "Call of Duty" console releases. Read more
The mobile version of videogame franchise "Call of Duty" racked up 100 million downloads in its first week, industry site Sensor Tower said on Tuesday, dwarfing the debuts of previous smashes including "Fortnite" and "PlayerUnknown's Battlegrounds" (PUBG). "This is by far the largest mobile game launch in history in terms of the player base that's been built in the first week," said Randy Nelson, Head of Mobile Insights at Sensor Tower. The first-person shooter hit's publisher Activision Blizzard Inc launched Call of Duty: Mobile on Oct. 1. Sensor Tower said the numbers reflected worldwide unique downloads across Apple's App Store and Google Play in the period since. PUBG, Fortnite and Electronic Arts' Apex Legends respectively scored 26.3 million, 22.5 million and 25 million in their first week of release. Read more
Activision Blizzard Inc. shares are rising again in premarket trading Friday after the company announced that "Call of Duty: Mobile" has racked up more than 35 million downloads since its launch earlier this week. Activision President Rob Kostich said in a release that the game was "on its way to becoming the 1 ranked iOS app in downloads overall, not only among games, but also among all apps, in 100 countries." Shares of the videogame publisher climbed 3.5% in Thursday trading after analysts weighed in on third-party download data. "While it's too early to gauge the longevity of any contribution, the early results are a positive indication of consumer willingness to engage with the game and spend money," wrote Jefferies analyst Alex Giaimo. "We believe the early success of 'CoD Mobile' provides additional cushion to Activision's 4Q guide, helping to mitigate reliance on 'Modern Warfare' and investor concern around Activision's 2Q comments of a 'wider range of possible outcomes' in 2H19." On Wednesday, however, Bernstein analyst Todd Juenger downgraded the stock, warning of "too much hope" around the company's 2019 slate and future releases. Read more
Shares of Activision Blizzard Inc. are down more than 3% in midday trading Wednesday after Bernstein analyst Todd Juenger cut his rating to underperform from… Read more

Activision Blizzard Falls on Analyst Downgrade

01:32pm, Wednesday, 02'nd Oct 2019
Shares of Activision Blizzard slip after receiving a downgrade by analysts at Bernstein, who write that investors are 'paying too much for the hope' surrounding expectations of recently released mobile versions of its 'shooting' games….ATVI Read more
Citi Research analyst Jason Bazinet on Sunday reaffirmed his Neutral rating for Activision Blizzard shares. Read more
Jim Cramer takes a look at Advanced Micro Devices, Lyft, Cronos Group, Activision Blizzard, Genesis Energy, Realogy Holdings and more….AMD Read more
Jim Cramer opines the stocks of Lyft, Advanced Micro Devices, Activision Blizzard and more stocks in rapid speed. Read more

How Activision Is Winning the Video Game Wars

10:05am, Thursday, 26'th Sep 2019
With rereleases of popular video games and hotly-anticipated new titles on the horizon, Activision Blizzard is poised for continued success going forward. Read more

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