Is Activision Blizzard Stock a Buy?
The pandemic was a great time to be a video game company, and Activision Blizzard's (NASDAQ: ATVI) stock price reflects that. Shares are up 63.9% since a year ago, and they don't seem to be losing momentum.
While the narrative has been great for Activision Blizzard, however, the underlying business trends may not all be pointing up. Big game franchises aren't what they once were, and it's easier than ever to be a game developer, increasing supply across the industry. Activision Blizzard has tailwinds from the pandemic, but it may not be the best way to play video game stocks today.
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Source Fool.com
