Activision Blizzard (ATVI) stock drops as 'Destiny' rights ceded to Bungie

NASDAQ: ATVI | Activision Blizzard, Inc News, Ratings, and Charts

ATVI – Activision Blizzard Inc. shares fell in the extended session Thursday as the videogame publisher said it was ceding rights to the “Destiny” franchise to Bungie Inc.


Activision Blizzard Inc. ATVI, +1.02% shares fell in the extended session Thursday as the videogame publisher said it was ceding rights to the “Destiny” franchise to Bungie Inc. Activision shares dropped 6.7% after hours, following a 1% gain to close at $51.35 in the regular session. In a filing with the Securities and Exchange Commission, Activision said Bungie would assume “full publishing rights and responsibilities for the ‘Destiny’ franchise” and “will own and develop the franchise.” Activision said it does not expect “material revenue, operating income or operating loss” from “Destiny” in 2019.


Activision Blizzard Inc. shares . Year-to-date, ATVI has gained 10.26%, versus a 3.59% rise in the benchmark S&P 500 index during the same period.

ATVI currently has a StockNews.com POWR Rating of D (Sell), and is ranked #6 of 10 stocks in the Entertainment – Toys & Video Games category.


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ATVI at a Glance

ATVI Current POWR Rating™
Overall POWR Rating™
ATVI Current Price $48.65 2.68%
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ATVI Price Reaction

The day of this event (Jan. 10, 2019)
ATVI Closing Price$51.35 1.02%
ATVI Volume6,416,900
13.19% from avg
Leading up to this event
ATVI 1-mo return6.16%
After this event
ATVI 1-day return9.22%
ATVI 3-day return8.52%
ATVI 5-day return7.28%

ATVI Price Chart


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