I have bought and sold this stock in the past and while the chart is not as good as some of the other stocks that I normally trade, it still intrigues me.
It has an Earnings Per Share of $2.13, plus it pays a dividend of .63% of the current share price. Another attractive point is that the share price is not as high as many of the other stocks I normally purchase, so at the current price below $75.00 per share, it is more affordable for some of the investors that are just starting to get their feet wet in the market.
I also see a long term future for this stock since it is involved in the gaming industry.
Part of the reason I purchased this stock today, is a result of the early morning news stating,
Activision Blizzard, Inc. is an American company based out of Santa Monica, CA. As a developer and publisher of interactive entertainment content and services. it develops and distributes content and services on video game consoles, personal computers, and mobile devices.Activision Blizzard Was Raised to Buy From Hold by Truist Securities
Activision Blizzard Was Raised to Overweight From Equal-Weight by Morgan Stanley
Activision Blizzard Was Raised to Overweight From Equal-Weight by Wells Fargo
It also operates e-sports leagues and offers digital advertising within some of its content.
This is a 24 year chart of the Activision share price.Activision Blizzard, Inc. segments include Activision Publishing, Inc. (Activision), Blizzard Entertainment, Inc. (Blizzard), King Digital Entertainment (King).
Activision delivers content through both premium and free-to-play offerings.
It also includes the activities of the Call of Duty League, a global professional esports league with city-based teams.
Activision Blizzard develops and publishes entertainment software for creating games.
It maintains an online gaming service, Blizzard Battle.net, which facilitates the digital distribution of Blizzard content and selected Activision content.
King delivers content on the mobile platform. Kings’ product franchise is Candy Crush, a match three franchise.
Above is a 12 month chart of the ATVI share price.
The image above is a 30 day chart of the Activision share price.
As with any purchases you make, I strongly suggest you conduct your own research and pay attention to the timing of when you purchase any stock, IF you plan on trading it instead of simply buying it for the long term.