Today’s Research Reports on Trending Tickers: Activision Blizzard and Take-Two Interactive Software
U.S. markets rebounded Thursday on the strength of the financial and technology sectors. The Dow Jones Industrial Average jumped 0.41 percent to close at 24,216.05, while the S&P 500 Index spiked 0.62 percent to close at 2,716.31. The Nasdaq Composite Index jumped 0.79 percent to close at 7,503.68. Shares of Bank of America, Citigroup, Goldman Sachs, J.P. Morgan and Morgan Stanley all posted gains of over 1 percent to lift the financial sector higher on Thursday.
“After 13 straight days of declines, financials finally bounced back. It’s good to see the leadership from this sector,” said Lindsey Bell, investment strategist at CFRA, according to MarketWatch. “Given the current environment when there lots of uncertainty surrounding global trade, investors continue to go to growth, such as technology shares and domestic stocks such as small-caps. Despite recent rotation, there has not been a real change in this sentiment,” Bell said.
RDI Initiates Coverage on:
Activision Blizzard, Inc.
Take-Two Interactive Software, Inc.
Activision Blizzard’s stock jumped 3.53% Thursday, to close the day at $76.01. The stock recorded a trading volume of 4,318,008 shares, which was below its three months average volume of 5,650,757 shares. In the last year, Activision Blizzard’s shares have traded in a range of 55.86 – 79.63. The share price has gained 36.07% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $73.50 is above its 200-day moving average of $69.97. Shares of the company are trading at a Price to Earnings ratio of 166.69. Shares of Activision Blizzard have gained roughly 6.37 percent in the past month and are up 20.04 percent year-to-date.
Access RDI’s Activision Blizzard, Inc. Research Report at:
On Thursday, shares of Take-Two Interactive Software recorded a trading volume of 2,090,559 shares, which was below the three months average volume of 2,201,473 shares. The stock ended the day 3.6% higher at $118.06. The share price has fallen 8.66% from its 52 week high with a 52 week trading range of 71.30 – 129.25. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $115.04 is above its 200-day moving average of $110.14. Shares of the company are trading at a Price to Earnings ratio of 76.76. Shares of Take-Two Interactive Software have gained roughly 5.39 percent in the past month and are up 7.54 percent year-to-date.
Access RDI’s Take-Two Interactive Software, Inc. Research Report at:
Our Actionable Research on Activision Blizzard, Inc. (NASDAQ:ATVI) and Take-Two Interactive Software, Inc. (NASDAQ:TTWO) can be downloaded free of charge at Research Driven Investing.
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