The joy of Activision Blizzard (NASDAQ: ATVI) investors when they see a massive spike in the share price can be compared to parents’ happiness when their baby takes his first steps, since both of them are rare events. Despite delivering terrific results in the past one year, the stock had barely budged. But all that changed this time.
Activision posted yet another solid quarter and its shares took off towards the galaxy, rising as much as 11% after results. More surprisingly, Activision shares have gained around 26% in the past three months, something which I had expected but wasn’t entirely sure if such a thing can happen.