Why Activision Blizzard Stock Climbed 16% in December
Shares of Activision Blizzard (NASDAQ: ATVI) gained 16.8% in value last month, according to data provided by S&P Global Market Intelligence. On Dec. 4, Activision announced that Call of Duty generated $3 billion in net bookings over the last 12 months, representing 37% of the company's total expected bookings based on management's full-year guidance.
A few days later, the company further stoked investor enthusiasm by announcing that World of Warcraft: Shadowlands sold more than 3.7 million copies on the first full day of release in late November, making it the fastest-selling PC game in history.
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Source Fool.com
