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Activision's Hot Stock May Fall 13% Short-Term

Michael Kramer

Activision Blizzard Inc. ( ATVI) stock has risen by about 27.5% over the past year, but now shares are looking for a sharp pullback of about 13%, based on technical analysis. The outperformance has come at a price with shares trading at nearly its highest forward P/E ratio since 2016, at almost 28.