Activision Blizzard Reportedly Cutting Hundreds of Jobs This Week

Activision is about to lay off hundreds of employees

Report: Activision will be hit with substantial layoffs next week

It has change of 0.37, from 2018Q2's 1.2. Activision Blizzard, Inc. debt-to-equity ratio now stands at 0.25, while its quick ratio hovers at 2.00. 663.95 million shares or 2.95% more from 644.93 million shares in 2018Q2 were reported. Cleararc holds 19,697 shs or 0.21% of its capital. Over the past 12 fiscal quarters, Activision Blizzard, Inc. (NASDAQ:ATVI). Montrusco Bolton Investments holds 0.88% or 172,076 shs. Bbr Prtnrs Limited Liability Co stated it has 667,055 shs or 8.02% of all its holdings.

Epic Games's "Fortnite" has been a thorn in the side for Activision Blizzard. Strs Ohio holds 0.16% or 451,153 shs. (NASDAQ:ATVI). Amer Natl Ins Com Tx reported 0.38% of its capital in Activision Blizzard, Inc. Fincl Counselors has 36,519 shs. (NASDAQ:ATVI) news were published by: Nasdaq.com which released: "Activision Blizzard (ATVI) Q3 Earnings: What's in the Cards?"

Activision Blizzard, Inc. (ATVI) recently closed with fall of -13.65% to its 20-Day "SMA". On Monday, 11 February it has $68 or 69.53 % PT that gives a potential upside move. The positive are 50%.

When looking at valuations, Activision Blizzard, Inc. The stock has "Outperform" rating by Wedbush on Monday, October 1. (NASDAQ:ATVI) earned "Market Perform" rating by Oppenheimer on Tuesday, January 29. This company's current market capitalization is 22.98B. On Thursday, December 6 the rating was upgraded by JP Morgan to "Overweight". Goldman advised investors in its research note published on January 30th, 2019, to Neutral the ATVI stock while also putting a $50 price target. Bank of Nova Scotia now owns 234,800 shares of the company's stock worth $10,935,000 after purchasing an additional 11,033 shares during the last quarter. It's an average volume stands with 11916.39K shares. It has underperformed by 22.23% the S&P500.

The publisher, parent company of Activision, Blizzard, King, and Major League Gaming, are reportedly facing mass layoffs ahead of their quarterly earnings call on Tuesday, 12 February.

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The publisher of some of the most well-known game titles in the industry, including Call of Duty and World of Warcraft, has seen its stock price almost halved since reaching its 52-week high in October. In the second quarter a year ago, the firm recorded $0.41 earnings per share. ATVI's profit could be $930.92 million if the current earnings per share of $1.22 is accurate. Take-Two Interactive Software Inc. share price also fell last week after forecasts for this quarter were 100 million below the forecasts set by Wall Street for the company.

Activision Blizzard, Inc. develops and distributes content and services on video game consoles, personal computers, and mobile devices.The company has $30.61 billion market cap. The price at which a seller projects that a buyer will buy a product.

Most Important details of Activision Blizzard, Inc.

Taking a broader look at the analyst consensus, brokerage firms have a price target of $60.54 on Activision Blizzard (NASDAQ:ATVI).

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