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Cramer: Buy The Dip In Activision Blizzard, Inc. (ATVI)

ATVI – Jim Cramer says Activision’s post-earnings slump is a buying opportunity.

Activision Blizzard, Inc. (NASDAQ:ATVI) shares were plunging again on Monday, extending their post-earnings losses to a second day.

The video game publisher posted impressive results, but as CNBC, its guidance was tepid. Still, Cramer sees the pullback as a major buying opportunity:

Activision Blizzard’s management…made the mistake of talking about holiday sales competition on its post-earnings conference call, the “Mad Money” host said.

News of the company’s expanding esports business and professional Overwatch league fell on deaf ears.

“What’s ironic here is that I think that Activision Blizzard should be bought and bought aggressively, which is something we told members of the club many times today,” the “Mad Money” host said.

It’ll be interesting to see how ATVI fares over the next couple of sessions. If shares can firm up here, the stock may just prove to be a rare pre-holiday buying opportunity for a blue-chip video game maker.

Activision Blizzard, Inc. shares were trading at $61.42 per share on Monday afternoon, down $1.78 (-2.82%). Year-to-date, ATVI has gained 71.13%, versus a 17.46% rise in the benchmark S&P 500 index during the same period.

ATVI currently has a POWR Rating of A (Strong Buy), and is ranked #1 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 $78.52 3.77%
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ATVI Price Reaction

The day of this event (Nov. 6, 2017)
ATVI Closing Price$60.56 3.69%
ATVI Volume13,013,848
76.94% from avg
Leading up to this event
ATVI 1-mo return0.08%
After this event
ATVI 1-day return3.67%
ATVI 3-day return0.17%
ATVI 5-day return0.66%

ATVI Price Chart

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