Activision Blizzard at $100: Buy or Sell?
Investors were thrilled with Activision Blizzard's (NASDAQ: ATVI) latest earnings release. The stock shot higher following the report and crossed the $100 mark for the first time. Shares had been around $60 as recently as early 2020.
But it would be a mistake for shareholders to cash out on those short-term gains right now. The video game developer's quickly improving results aren't just side effects of the pandemic. In fact, Activision's business is getting more valuable in ways that should reward investors who hold on to the stock over the next several years.
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Source Fool.com
