Why Shares of Activision Blizzard Are Up Today
Shares of Activision Blizzard (NASDAQ: ATVI) were up more than 7% on Monday on no apparent company specific news. The shares have been under pressure of late along with the broader market, but investors appear to be sensing opportunity for the company due to new state shelter-in-place orders aimed at containing the spread of the COVID-19 coronavirus.
Retailers have been hit hard as consumers have practiced social distancing. That could work to the advantage of Activision Blizzard, which just released Call of Duty: Warzone, a new battle royale game from the popular franchise.
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Source Fool.com
