Activision Blizzard Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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Shares of Activision Blizzard Inc. (ATVI) rallied 1.32% to $79.68 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.30% to 3,948.72 and the Dow Jones Industrial Average rising 0.23% to 32,105.25. Activision Blizzard Inc. closed $1.82 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 2.86% to $29.17. Trading volume (4.3 M) remained 2.2 million below its 50-day average volume of 6.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 23, 2023.
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March 23, 2023 16:39 ET (20:39 GMT)
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