Activision Blizzard Inc
$-0.23 (-0.35%) Today
52 Week High
52 Week Low
7 Days Mentions
Anyone catch latest “kink” in the Tesla armor? Look what happened to ATVI after their similar troubles began. The bad news is just starting. Profit from the loss of confidence and negative media press that inevitably will persist & beware of analysts pumping their books.
Thanks for the reply. I've been busy with my new job last year and have not paid as much attention to the market, esp the tech companies, as I prefer to. I need to do some research on the companies you mentioned. I admit with some shame that I bought some CRM without doing any homework when I saw Nancy Pelosi bought the leaps. Do you happen to know the trigger for the price slump for SQ and ATVI? From what I recall they are still solid companies and I haven't seen SQ at the current price level for a while. >every Chinese tech stock if you’re into that Oh I still have a lot of TCEHY shares. I unloaded some when they were around 75. Who knew they would've fallen so fast right after reaching almost 100. SMH, at least I didn't buy EDU. NET is something I couldn't figure out. I think it's a great company with brilliant products and a decent moat. No idea what caused the price plunge. Never did much research on MTCH. I assume COVID is keeping people's libido in check. Thanks again!
SQ, COIN, NET, CRWD, MTCH, ATVI, DKNG, CRM, PLTR, SOFI, and every Chinese tech stock if you’re into that. Those are just the ones on the top of my head that I’ve been looking at. I’m sure there are many others. Some of these are probably closer to 40-50% off highs, not 60%+.
EA gets such a bad rap but trading at only 17 forward PE, Apex Legends is a growth juggernaut, they’re buying back stock, they didn’t have to dilute themselves to finally get onto mobile, and they don’t have a raging sexual assault scandal (yet). I dumped TTWO and ATVI and went all in on EA
Put it plainly...yes...things can turn for the worst, and it turns quickly. If you haven't experienced a turn like that before, you will freeze up. You look at your loses and keep thinking to yourself "I gotta at least make it back to break even". So you end up holding it longer than you should. Now you're exposed to more downside risk on that, or you're simply stuck with a stock that bottomed out and stays at the bottom for a prolong period of time. Now you miss out on the gains if you existed that position and move to something else. If you're trying to buy a company on its way down...there are a lot of risk associated with it. Even in the stock portion it's better to break it up into a few bets for the same theme. It's good to hear you're also backed up by ETFs so your portfolio as a whole is not so concentrated. When looking at diversification, in general it is best to look at it in a WHOLE PORTFOLIO perspective. If you have let's say 45% SPY/VOO - all the same basically US index 35% VEU/ACWX - world ex US index 10% BND - Bonds 10% any stock.......let's say ATVI (since it's one of the worst 2021 performers).... So 10% in one stock is still a lot, but if you lose 50% of that, it's only a 5% hit on your total assets. Alternatively....10% consists of ATVI, PENN, LVS, WYNN.....we going full dumpster diving here. The chance of all of them lose 50% is lower.
$SQ Jefferies cuts pt: $240 to $200 $BIIB Mizuho cuts pt: $270 to $207 $LAC Cowen & Co Upgraded: $30 to $40 pt $ATVI Berenberg cuts pt: $105 to $100 $AVGO Barclays raises pt: $650 to $700 $BIGC Barclays cuts pt: $67 to $36 $AMD Barclays raises pt: $135 to $148
A core reason these stocks suck compared to SPY and will continue to suck is that management interests are not aligned with shareholders. Remedy Entertainment from Finland has been an amazing stock since IPO and has been open about its multiproject strategy, project cycles, cuts and expenses in publishing deals (Imagine TTWO doing this with Rockstar royalties and 2K publishing). This caused the valuation to walk in line with the companies real risks and its subsequent outperformance when it fulfilled steps of its strategy. The problem with companies like TTWO, ATVI and EA is that they don't tell shareholders jackshite about operations to keep pumping cash flow estimates for their absolute robbery of SBC. Thats why we see these stocks crashing biannually with constant "surprise" failed projects and broken releases. Management isn't incentivized to be truly open about the state of their games because they'd risk their annual stock comps in the 100s of millions (that they constantly dump) due to uncertainty. It's also why all these companies parade cash flow and not net income. They're just a marketing department towards institutional investors who cant allocate to smaller/international players in the sector.
My personal experience with ATVI and EA is this (note I am a both an investor and a gamer) - these corporations are run by people who regardless of their management/leadership skills are NOT gamers themselves. They are there to create shareholders' value, which ultimately makes them look the same as any other company out there. And due to this, there are significantly better alternatives - companies with strong competitive advantages. It makes gaming companies less attractive to their peers. Also, as a gamer I've come to realisation that using nostalgia as a mean to extract more money from gamers can only works some time. Until gamers realise that they are the ones being fooled, it is time to sell. This situation is causing a disbelief and obviously a reason for a drop in share price.
I made profit on buying calls yesterday at -15%. Made some money. Bought a longer higher strike. I see it going back to $160-170 maybe. The sector is just not doing well. ATVI has that scandal on it. Also they could clarify what they will do with Zynga.
My price target is $230 (35x on my FY '22 EBITDA forecast of $728m). I give them a higher multiple compared to my fair multiple of 25x for ATVI & EA because of upside from GTA 6, attractive M&A target for big tech that wants to acquire a best-in-breed video game developer and/or get the biggest metaverse company, and even if they don't get acquired are well-positioned for the metaverse with their open-world IP.
What do you think ATVI or LOGI? I already have 102 shares in ATVI but I am planning to invest more. My hope is that people will soon forget all the bad news and the new game releases will drive the price higher. Logi, It is trickier. The price is nice, but I don't see any catalyst in the near future :( Oppinion?
They were highly inflated due to a stellar 2020. Thats really the gist of it but on top of that, some had some other issues that pushed them lower. ATVI with their workplace problems and CD Projekt with their Cyberpunk 2077 console flop. Though I would argue ATVI was just overpriced. The word place stuff doesnt seem to have hurt their finances at all.
He just randomly texts me ticker symbols with question marks. Today's was "ATVI????" I told him how the CEO is a lunatic and they just fired everyone for sexual harassment, and he said it's still "beat down," "makes money," and he's going to watch it.
Also don't forget to mention UBI. They are more likely to be the part of the Metaverse. Some weeks ago, they announced a partnership with some NFT platform. However the CEO of TTWO was sceptical about the Metaverse. ATVI has other problems now, they will need to have their CEO step off. EA is the strongest and most stable game-dev company with a very strong monetary policy. So in addition the possible companies that will be involved in Metaverse will be UBI or/and EA.
For ATVI, Warzone is their cash cow and 18 months in revenue is already dropping. The scandals are not what is causing the stock price to plummet. The scandals are a symptom. Where there’s smoke, there’s fire. A company with bad HR, especially in a field so hypercompetitive for talent, is facing major headwinds. Who wants to work at ATVI? The company where sexual harassment is supported by HR and your next big project is either the 25th iteration of CoD or a CoD knockoff of a BG game. I have a position in TTWO but I generally avoid the whole sector. Personally I think the most concerning thing for you is that your post is predicated on the popularity of an 8 year old(gta 5) and a 17 year old (wow) video game. Sounds like you’re investing with nostalgia.
I love ATVI's ip but their management and CEO is utter garbage. I just don't know if news of a management shakeup and new CEO would make them plummet or rocket so I'm going with a wait and see approach for now. Yes they have good games in the pipeline but all this drama is already leading to huge delays and probably a sub par product delivered from very unmotivated employees. Jeff Kaplan bailing on Overwatch 2 is the writing on the wall.
All the big tech companies are going to want a piece of the metaverse. Who has the leading metaverses right now? ATVI, EA, TTWO. What happens when big tech realizes these companies are all trading under 20 forward PE? Yep. These companies are in play for a big acquisition. I think video games are going to provide incredible returns.
For real Activision-Blizzard (ATVI) doesn't deserve that insane drop because of some twisted mentally fucked non-binary gender 'me too' fuckers that made them the scapegoat of being a 'toxic workplace for women' it's a fucking game developers, filled with virgin nerds that probably fueled all their anger of how unfair life is to get the developer skills that needed to land a job at Activision in the first place. Grow a pair or get the fuck out of my library, you little cunt ass bishes
Please help - just invested my first $1000 on stocks and I'm afraid I don't know what I'm doing. I bought everything earlier today since it felt like there was a dip in the market. Buy low and sell high right? Was I wrong to buy today? Anyways, porfolio is currently as follows: (ETF) QQQ (Nasdaq 100 Index) - 26.58% (ETF) VOO (S&P 500 Index) - 22.63% (ETF) VTI ( Total Stock Market Index) - 12.47% (ETF) VGT (Information Technology Index) - 11.47% (ETF) VEA (Developed Markets Index) - 5.39% From my research, I was supposed to buy mostly S&P 500 (around 80%) and then 20% bonds but... I got a bit carried away. I work in IT and truly believe in its future - it shows in my selection. Was I stupid? Feelings and business shouldn't mix I suppose. I wanted to have some fun so I acquired the following stocks as well: AMD (computer parts) - 6.97% Sony (consumer electronics) - 6.57% EA (Electronic Arts, video game publisher, developer) - 3.48% ATVI (Activision, video game publisher, developer) - 3.38% [EMBRACB.ST](https://EMBRACB.ST) (Embracer Group, video game publisher, developer) - 1.05% I actually also had some Nintendo and more EA but realized it was too much so I sold \[for a profit (\~0.5%) and bought more QQQ (hence it's the biggest one)\]. I have roughly another $1K in cash just in case the market dips hard in the future. Is the distribution of stocks good? Should I invest in bond ETFs? What about dividend ETFs? I'm 29, and plan on investing for retirement (\~ 30 years to go probably). Employed, using \~25% of my salary for investing. No debts. Thank you all!
Be gentle just started investing and I'm trying to be hyper aggressive, my 401k is all tech hence the absence of AMZN, GOOG, Etc. this is basically play money ​ * F - 45.62% * AMD - 11.55% * ATVI - 3.61% * CRLBF - 1.43% * CRM - 12.95% * PLTR - 0.95% * SBUX - 6.28% * TCNFF - 1.36% * TLRY - 1.82% ​ I made a big bet on ford obviously that has paid off in the short term, but I'm hoping to hold that for longer term gains also. Added AMD for a chip company my 401k doesn't have. I see ATVI rebounding I've always liked their games. The rest is obviously a pot culture bet with SBUX. PLTR since its down and I like the CEO. Numbers are bad on TLRY, other than that the others seems mostly like good plays. I plan to even out the percentages today with an influx of cash and up my stakes in the cannabis area and add to PLTR (hoping today is bottom?). Thoughts?
May pick up some ATVI (Activision Blizzard) stock. Looks like its done its slump and coming back. With NFTs being a new revenue stream for the blood sucking industry to sink its fangs into gaming addicts and suck them dry of every last penny they got I think its a buy.
I made enough from ATVI to pay my mortgage twice over after Blizzard announced they'd be dropping a tank and buffing dps in OW2. I heard the news while in a ranked game. Immediately quit game, uninstalled everything blizzard, swore on the forums to never play another one of their games again and bought 20k in fd's. That was the first week. Those puts printed for 3 months straight.