Kotick will unload his shares first chance he gets.
Kotick as well as other private insiders are buying the stock at $13.60, a significant discount before the jump, but now a massive gain. That means that 172 million shares that would have just been sat upon by Vivendi will flood the market as soon as these insiders get the chance to sell. What is that kind of increased trading volume going to do to the stock?
Activision now has debt. ATVI bulls have long touted their lack of debt as a major reason for buying.
WoW subs plummeting.
Other franchises aging.