Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. This is expected to be February 12, 2019. Real-time last sale data for U. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. So it's no surprise, then, that Activision Blizzard's stock price dropped dramatically after the news was made public. It operates through the following segments: Activision, Blizzard, and King. Activision Blizzard continues to make progress in esports and mobile games, two major growth markets that investors shouldn't overlook after disappointing numbers in late 2018.
We also operate esports events and leagues and create film and television content based on our games. In the daily graph, the shares appear vulnerable. Profits on any short sale should be taken quickly because the fourth quarter has been very strong for Intel and for the chip stocks. Below, we see that the monthly cycle has bottomed. In March 2018, one analyst firm downgraded Activision Blizzard's stock rating, saying the company was facing a that could affect its stock price. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Beware of a trend reversal. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. If, at any time, you are interested in reverting to our default settings, please select Default Setting above. Three months ago, the stock traded at over 120 times trailing earnings and 30 times forward earnings estimates. Chart Snapshot A thumbnail of a daily chart is provided, with a link to open and customize a full-sized chart.
Square said that Ahuja has been at Activision Blizzard for more than eight years. International stock quotes are delayed as per exchange requirements. The questions heading into 2019 center around Activision's growth trajectory and its plans for new content and business models to compete with hit games like Fortnite. Neumann was hired away from The Walt Disney Co. A new value play in video games? Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. So it's no surprise, then, that Activision Blizzard's stock price dropped dramatically after the news was made public.
Visit for information about the performance numbers displayed above. Copyright 2019 FactSet Research Systems Inc. Activision Blizzard next reports earnings on February 12, and it's likely we'll learn more at that time. Indexes may be real-time or delayed; refer to time stamps on index quote pages for information on delay times. Chart 3 The stock is overbought and relative strength is weak. The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. As a result, the real-time prices displayed may have minor discrepancies when comparing the information with other sites offering real-time data, or with brokerage firms.
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. For example, a price above its moving average is generally considered an upward trend or a buy. Barchart takes this Alpha and weights this, assigning more weight to recent activity, and less 0. No cost, no obligation to buy anything ever. International stock quotes are delayed as per exchange requirements. This has outpaced the Consumer Discretionary sector's gain of 0.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. Investors were seemingly spooked at the idea of Activision Blizzard losing a revenue-contributor. An Activision Blizzard spokeswoman declined to comment beyond the filing. Overwatch League is arguably the most fully formed league, with billionaire team owners around the world, a dedicated stadium in Los Angeles, and a. He initially joined Disney in 1992.
If you have any questions or encounter any issues in changing your default settings, please email. Zacks Ranks stocks can, and often do, change throughout the month. Crude oil dropped in the session. Neumann was hired away from The Walt Disney Co. Activision Blizzard next reports earnings on February 12, and it's likely we'll learn more at that time. That's a great position to be in, and if investors can get in at a forward earnings multiple below 20, that could prove to be a great value. Activision shares ended 2018 down 26.
Indexes may be real-time or delayed; refer to time stamps on index quote pages for information on delay times. If the symbol has pre-market or post-market trades, that information will also be reflected along with the last closing price from the symbol's exchange. Company fundamental data provided by. Investors were seemingly spooked at the idea of Activision Blizzard losing a revenue-contributor. Zacks' 7 Best Strong Buys for January, 2019 Free Report for Zacks. In March 2018, one analyst firm downgraded Activision Blizzard's stock rating, saying the company was facing a that could affect its stock price.
He will succeed David Wells, who has served in the position since 2010. These returns cover a period from January 1, 1988 through December 3, 2018. For more on the big Destiny news, check out the stories linked below. There are higher lows in momentum, the stock is oversold, relative strength has reversed a two-year downtrend and volume has dried up as the stock has declined. Earnings Estimates, Analyst Ratings and Key Statistics provided by.