It’s been a brutal few months for Activision Blizzard Inc. stock. Shares have fallen 51% since in October 2018, with little sign of easing up.
Tonight, Activision reports its fourth-quarter earnings after the US market closes. It’s a make-or-break moment for traders who hope to see Activision come back fighting.
Activision Blizzard Inc. stock falls 51% since October. Source: Trading View
Expectations aren’t exactly high. Activision posted lackluster forecasts in the previous quarter and disappointed gamers with underwhelming releases. Not to mention strong competition from gaming juggernaut Fortnite and the threat of mass redundancies. The stock fell 7% alone yesterday as traders flee the gaming giant.
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