Activision Blizzard Inc. Stock Rises Thursday, Still Underperforms Market
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Shares of Activision Blizzard Inc. (ATVI) inched 0.77% higher to $79.87 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.76% to 3,960.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. This was the stock's fourth consecutive day of gains. Activision Blizzard Inc. closed $1.63 short of its 52-week high ($81.50), which the company achieved on August 19th.
The stock underperformed when compared to some of its competitors Thursday, as Unity Software Inc. (U) rose 1.38% to $28.74. Trading volume (4.9 M) remained 1.5 million below its 50-day average volume of 6.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.
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March 16, 2023 16:39 ET (20:39 GMT)
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