Activision Blizzard, Inc. (NASDAQ:ATVI) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $40.11 – $48.65 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company reported solid fourth-quarter 2018 results.
The company has seen two 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 #4 (Sell) while its Earnings ESP is negative.
A better-ranked stock in the Toys – Games – Hobbies industry is Nintendo Co (T:7974)., Ltd. (OTC:NTDOY) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is ATVI going up? Or down? Predict to see what others think: Up or Down
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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
Activision Blizzard, Inc (ATVI): Free Stock Analysis Report
Nintendo Co. (NTDOY): Free Stock Analysis Report
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