Is It Too Late to Get in on This Growth Stock?
2021 has been a tough year so far for Activision Blizzard (NASDAQ: ATVI), the largest gaming publisher in North America, known for its Call of Duty franchise. Shares are down around 15% year to date, while the large-cap S&P 500 index is up almost 20%. Concerns over a slowdown in video game playing with the ending of COVID-19 restrictions plus a sexual assault scandal have investors concerned about the company's prospects.
While these concerns have some merit, Activision Blizzard has been a strong-performing stock over the long term, trouncing the total returns of the SPDR S&P 500 ETF (NYSEMKT: SPY) over the last few decades. With the stock taking a tumble this year, now is a great opportunity for investors to get in on this incredible stock.
ATVI Total Return Level data by YCharts
Source Fool.com
