Weekly Stock Spotlight
Featured Stock: Activision Blizzard (ATVI)
- Ticker Symbol: ATVI
- Founded: 2008 after merger of Activision & Vivendi Games
- Market Cap: $45.0B
- 2016 Rev.: $6.6B
- No. Employees: 9,000
- Chairman, CEO: Bobby Kotick
- HQ: Santa Monica, California
- Part of S&P 500: yes
Word on the Street: Billionaires are buying ATVI. Last quarter, they bought 3M shares!
Activision Blizzard at a Glance:
You might not know it, but Activision Blizzard is the company behind many of the world’s most popular games and series. The company and its franchises have produced legendary games such as Call of Duty, World of Warcraft, Starcraft, Guitar Hero, Diablo and the highly addictive Candy Crush Saga.
Activision Blizzard was even awarded the biggest entertainment launch of the year, with the release of Call of Duty: Black Ops III that grossed a mega $500 million in worldwide sales during its opening weekend in 2015. Investors are excited about the Sept. 8 release of Destiny 2 and also the hopeful release of Overwatch League in late 2017, showing that this company could be a good long-term investment.