Why Activision Blizzard Stock Bounced Higher on Wednesday
Shares of Activision Blizzard (NASDAQ: ATVI) closed up 2.1% on Wednesday. The video game producer delivered blowout earnings results late Tuesday that buoyed investor confidence. Adjusted earnings per share of $1.20 came in well above the $0.76 that analysts had expected.
The company also announced new leadership at Blizzard Entertainment, following a lawsuit alleging sexual harassment and discrimination toward female employees.
The stock is currently down 11.6% year to date and has trailed the broader market.
Source Fool.com
