|Bid||48.18 x 2200|
|Ask||48.80 x 800|
|Day's Range||47.84 - 49.31|
|52 Week Range||43.71 - 84.68|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||64.18|
|Forward Dividend & Yield||0.34 (0.72%)|
|1y Target Est||N/A|
# Activision Blizzard Inc ### NASDAQ/NGS:ATVI View full report here! ## Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is extremely low for ATVI with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ATVI. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $3.85 billion over the last one-month into ETFs that hold ATVI are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
By Kane Wu and Heekyong Yang HONG KONG/SEOUL (Reuters) - Chinese gaming titan Tencent Holdings Ltd is considering a bid for the holding company that controls South Korean gaming company Nexon, two sources ...
Shares of Electronic Arts and Activision Blizzard have fallen 40% from their 2018 peaks. So is it time to buy?
By Kane Wu and Heekyong Yang HONG KONG/SEOUL, Jan 18 (Reuters) - Chinese gaming titan Tencent Holdings Ltd is considering a bid for the holding company that controls South Korean gaming company Nexon , ...
On the surface, video-game stocks should be the top performers in the market. Once the exclusive domain of socially-challenged nerds, video games have become a pop-culture phenomenon. Unfortunately, this powerful tailwind hasn't produced good results recently for Take-Two Interactive Software (NASDAQ:TTWO). Since October, the TTWO stock price has dropped over 23%. TTWO isn't the only video-game stock that's underperforming. Its main rivals, Electronic Arts (NASDAQ:EA) and Activision Blizzard (NASDAQ:ATVI), have also stunk up the markets. Since October, EA stock has given up nearly 26%, while ATVI has cratered a disturbing 44%. Both companies feature popular game franchises to which consumers are hooked. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy as the Dollar Weakens So what explains the erosion of TTWO stock and the shares of its competitors? One easy answer is unexpected competition. For example, last year's big revelation was Epic Games' Fortnite. Featuring the tried-and-true first-person shooter format combined with a "battle royale" mode, Fortnite catapulted to the top of the video-game charts. It also doesn't hurt that the game is free to download. And thanks to the game's addictive nature, the majority of Fortnite players have opened their wallets for in-game purchases. The phenomenon caught many gaming manufacturers flat-footed. After feeling a great deal of pressure from Fortnite, some companies began investing in their own battle-royale-style games. Another explanation for the sector's disappointments is the bearishness of the stock market. With little incentive to expose themselves to risk, investors understandably ran for cover. Because names like TTWO stock are vulnerable to shifting consumer habits, they did not provide a safe haven to risk-adverse buyers. But for the gaming industry, what separates the wheat from the chaff is content. In that area, TTWO stock has a significant advantage. ### Content Remains King In my opinion, Fornite freaked out the gaming industry because it went against the grain. Since Fortnite isn't a big-budget title, its creators had to come up with a unique angle. Their battle-royale mode fit the bill. On the other hand, the big spenders like TTWO don't have to resort to gimmicks and hope one of them sticks. Instead, their power lies with their vast resources and their ability to create games that rival Hollywood blockbusters in both popularity and production value. That's one of the reasons why I don't think it's wise for established gaming companies to emulate Fortnite. A feature like battle royale can be implemented by almost anyone. But not everyone can make compelling titles that draw consumers to retail outlets. As InvestorPlace feature writer James Brumley stated, Take-Two's flagship franchises, Red Dead Redemption and Grand Theft Auto, have captivated gamers across generations. While I'm personally not that enthusiastic about either franchise, I can see that high-quality content has driven the success of both franchises. Specifically, TTWO has carefully cultivated a winning formula: an engrossing storyline, an immersive environment, and a reason for playing. Once you've entered the worlds of those games, you can't escape until you reach the end of them. This is not just a subjective observation. According to a recent industry survey, most gamers reported that Fortnite did not cut into the time they spent on other games. That tells me that the high-spending companies' biggest advantage is their Hollywood-esque content. It would be a mistake for them to abandon it. With its release of Red Dead Redemption 2 and the game's subsequent success, TTWO is moving in the right direction. Management has no reason to do anything different. As a result, I'm confident that the TTWO stock price will eventually rise. ### TTWO Stock Flies Under the Radar Despite Take-Two's fundamental advantages, I think its intermediate-term outlook is tough. Unfortunately, stocks are facing major challenges, including geopolitical tensions that could badly undermine investor sentiment. Not only that, but there is seemingly no end in sight to the government shutdown. That said, if you have the patience, video game stocks have significant longer-term potential, especially given their current low valuations. And within this sector, TTWO stock will benefit from flying under the radar. Rival Electronic Arts shot itself in the foot prior to the anticipated release of Battlefield V. Blatantly angering its fans, EA appeared to be unacceptably arrogant. EA continued in the same vein following the bug-filled release of the game. Therefore, it's no surprise that Battlefield V tanked. Meanwhile, Activision also had a tumultuous 2018. Part of its volatility was due to Fortnite. While the upstart game didn't significantly impact most competing titles, it did hurt Activision's Call of Duty franchise. But TTWO's advantage is that neither one of its flagship franchises is a first-person shooter game. Instead, they rely on compelling narratives, a strategy that TTWO has perfected. As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Growth Stocks With the Future Written All Over Them * 7 Reasons Why Buffett's Bet on Apple Stock Is a Good One * 10 Companies That Could Post Decelerating Profits Compare Brokers The post Strong Content Will Likely Power-Up Take-Two Stock appeared first on InvestorPlace.
# Activision Blizzard Inc ### NASDAQ/NGS:ATVI View full report here! ## Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is extremely low for ATVI with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ATVI. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $6.07 billion over the last one-month into ETFs that hold ATVI are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The fact that Activision Blizzard's game franchise "Destiny" can go "from hero to zero in four years" is a worrisome sign for the video game industry, an analyst said.
Market historians will likely remember the 2010s as a pivotal decade for esports. Although gamers can trace its origins as far back as 1972, it took advances in the internet to make esports a global phenomenon. A myriad of tech companies played a role in developing and supporting these games, paving the way in making esports what it is today. By understanding esports and all of the stocks that power it, investors can profit from this growing phenomenon. ### What Is Esports? Put simply, esports is competitive video game playing. Competitions usually take place in multiplayer and team competitions, enabled by advances in streaming and live venues that help bring together tens of millions of gamers with similar interests. It has become so popular that the International Olympic Committee (IOC) has even looked at it as a possible Olympic sport. The IOC has so far rejected this idea. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### Esports Stocks to Buy Despite the IOC's sentiments, this has become a favorite gamer and spectator event. Among esports stocks, Activision Blizzard (NASDAQ:ATVI) has stood out, most recently with last year's deal with Disney (NYSE:DIS) to broadcast the Overwatch League on ESPN and Disney XD digital cable and satellite television. Naturally, investors also look to peers such as Electronic Arts (NASDAQ:EA), Take-Two Interactive (NASDAQ:TTWO), and now, China-based Tencent (OTCMKTS:TCEHY). Tencent operates in many different fields. However, its gaming division alone dwarfs its largest American gaming peers. * 10 Growth Stocks With the Future Written All Over Them Of these, I would recommend EA stock at this time. It trades at a forward PE ratio of about 17.3x. Also, profit growth appears set to take off again. Analysts predict an 11.8% profit increase this year, and an average annual rate of 13.1% over the next five years. EA has lagged Activision's esports promotion efforts. However, EA games such as Battlefield, Madden NFL, and FIFA have become popular. Its FIFA 18 Global Series attracted more than 20 million competitors alone. Between its low multiple and prominent games, EA is in a position to profit investors and become an up-and-coming player in the esports arena. ### Cadre of Stocks in Esports Ecosystem To profit further, investors also need to consider the non-gaming stocks that make esports possible. Given the computing power of PCs, gamers consider these systems vastly superior to gaming consoles for speed. Players also need the fastest, most-powerful memory chips available. This need benefits Micron (NASDAQ:MU). The gaming industry will always purchase its fastest and most-expensive chips regardless of its demand situation. Microsoft (NASDAQ:MSFT) has also become a vital esports stock. While its Xbox gaming console is one path into the industry, esports games players prefer to play on PCs. That's why Microsoft's Windows software plays a critical role in the gaming market despite the PC's overall decline in importance elsewhere. Meanwhile, headset maker Turtle Beach (NASDAQ:HEAR) has found its niche by making its headsets the gaming accessory of choice. Still, in this market, I see Nvidia (NASDAQ:NVDA) as the hardware stock of choice. Today, most investors think of Nvidia for artificial intelligence (AI), self-driving cars, and virtual reality (VR). However, some might forget that Nvidia got its start as a chip company focused on gaming. Despite the new niches, gaming remains a vital part of its business. Like with MSFT and MU, gaming provides a foot in the PC market that will persist despite the PC's falling popularity. * 5 Dow Jones Stocks to Sell Before Things Get Uglier Thanks to a chip glut and a tech-stock selloff in the fall of 2018, NVDA stock has again become a bargain. In this latest swoon, its price-to-earnings (PE) fell to about 21x. However, after this fiscal year, profit growth should resume. Wall Street expects average profit growth of 15.1% a year over the next five years. Bolstered by AI, VR, and of course, esports, NVDA should become the premier chip stock over the next few years. Finally, investors should also remember that the ATVI deal makes Disney a "gaming stock" in a technical sense. Its forward PE multiple stands at 15.1x. Also, profit growth bolstered by a move into streaming, and now, gaming should help the media company recover. ### The Bottom Line on Esports Stocks to Buy Esports has not only become a favorite pastime, but it has also benefited equities across the tech landscape. This activity helps gaming-related equities such as TTWO stock. However, investors need to also look at companies that enable the games. One such stock is Nvidia, the maker of the chips that makes gaming possible. As well, due to its deal with Activision, one can also argue that a media company such as Disney has become an esports stock. Like with gaming, investing in esports stock will take both skill and strategic thinking. However, by picking the right equities, traders can achieve the goal of making investing a winning esport in itself. As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies That Could Post Decelerating Profits * 10 A-Rated Stocks the Smart Money Is Piling Into * Mizuho: 7 Long-Term Value Stocks to Buy Now Compare Brokers The post What Is Esports And Why Should Investors Care About Gaming? appeared first on InvestorPlace.
Activision Blizzard (ATVI) closed at $46.84 in the latest trading session, marking a -0.95% move from the prior day.
Activision would like to talk. If you've wondered whether or not BO4's battle royale was good enough to tear you away from Fortnite or PUBG, you'll have plenty of time to get a feel for it. It doesn't take much divination to understand why Activision is doing this.
Activision Blizzard (ATVI), a $38.7 billion interactive content and service developer, recently lost 9% of its share price after transfering publishing rights of the futuristic action game Destiny to the gaming studio Bungie. Warning! GuruFocus has detected 2 Warning Sign with ATVI. The split will mark the end of the eighth year of a 10-year contract established in 2010 between Activision and Bungie to develop the Destiny game.
# Activision Blizzard Inc ### NASDAQ/NGS:ATVI View full report here! ## Summary * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is extremely low for ATVI with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ATVI. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. ETFs that hold ATVI had net inflows of $9.65 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
"Destiny" is one of the most popular first-person shooter games in the industry, and Vicarious Visions had been working on the PC version of "Destiny 2" with Bungie. It was a more mature title for Vicarious Visions.
The quarterly report at Macy's sent aftershocks through the retail industry, but somehow Bed Bath & Beyond avoided the sting.
[Editor's note: This story was originally published in November 2018. It has since been updated and republished. While the author's opinions may have shifted, the longer-trend for video game stocks remains.] If you're looking for an investment sector that is very likely to rise higher, video game stocks are your ticket. The concept of the video game has evolved from nerdy niche to mass mainstream infiltration. Still, powerful fundamental tailwinds haven't prevented video game stocks from absorbing huge losses. Indeed, anywhere you look, the major (and minor) indices are flashing red. The broader markets finished 2018 down 6.2%, and our own Dana Blankenhorn, in November 2018, stated bluntly "we're already in a bear market." Any contrarian analyst would be hard-pressed debating Blankenhorn on this issue as the volatility persists into 2019. InvestorPlace - Stock Market News, Stock Advice & Trading Tips I'm certainly not going to attempt it, especially if I'm looking at esports and gaming stocks. The video game as an investment vehicle is a platform that has profited many investors handsomely over the years. Unfortunately, the declines in video games and esports stocks over the past year have forced everyone to rethink their assessments. I can't deny the obvious: This is a time when all market participants should strongly consider protective measures. We have many factors that are completely unrelated to video games but could end up roiling video game stocks. However, I'd also caution against overreactions. Recall that the Dow Jones lost double digits between late January and early February of 2018 … * InvestorPlace Roundup: The Hottest Stocks in the Market Today The point is to protect yourself from this violent storm, but also to realize that all storms eventually fade away, producing excellent deals only in hindsight. If you've got the nerve, here are seven video game stocks on serious discount. Source: Dalvenjah via Flickr ### Sony (SNE) When you think about the modern video game, you immediately think about Sony (NYSE:SNE). Admittedly, SNE stock has become a running joke within consumer-electronics circles for the underlying firm's other endeavors. For instance, its smartphone is nowhere near as popular as Apple's (NASDAQ:AAPL) iPhone, and it once ran a computer-monitor business. But don't ever question SNE stock for its part in advancing the video game to the mainstream. Its PlayStation console resonates deeply with consumers, and better yet, it keeps improving. Just a few days ago, Sony announced during the Consumer Electronics Show (CES) that the current-generation PlayStation 4 hit 91.6 million unit sales. More impressively, this tally occurred over roughly a five-year lifespan. Of course, the markets don't typically respond to past achievements. What makes SNE stock so compelling for the video game industry is corporate synergy. Make fun of Sony all you want, you can't deny its vast entertainment portfolio. Management can easily leverage this for exclusive titles, which they do frequently for marquee brands. Source: Shutterstock ### Microsoft (MSFT) Every great organization has an equally great competitor. In the war of supremacy for the video game, we have two top console-makers: Sony and Microsoft (NASDAQ:MSFT). The rivalry between the two tech giants is no joke for many gaming enthusiasts. Microsoft stopped reporting sales figures for its Xbox console, which understandably drew snide snickering, but estimates put it around the 40 million mark. Based on this, Sony is vastly outpacing Microsoft in the console wars. But that hasn't stopped MSFT stock from making significant gains in the markets. Part of the reason is that in terms of graphics and gameplay capabilities, Microsoft has largely gone toe-to-toe with Sony. Additionally, the house that Bill Gates built features its own batch of attractive exclusive titles, including the ultra-popular "Halo" series. Naturally, this has encouraged long-term investors to pile in on MSFT stock. * 10 Companies That Could Post Decelerating Profits And while I'm a Sony guy, I think Microsoft offers better overall stability. Along with its video-game business, it has a virtual lockdown on PC operating systems and various pieces of professional software. Plus, MSFT stock pays a much higher dividend, which isn't something to ignore at this juncture. Source: Shutterstock ### Nintendo (NTDOY) In my opinion, and those of fellow gamers, the architect of today's video game is Nintendo (OTCMKTS:NTDOY). However, other video game stocks have captured investors' attention. Moreover, as a Japanese over-the-counter name, NTDOY stock doesn't always generate positive news. That has proven especially true in 2018. Last year, NTDOY stock returned handsome monetary rewards for shareholders thanks to the Nintendo Switch. This spectacular console is actually a hybrid device. Nintendo designed the Switch primarily for home usage, but you can just as easily take it on the road. However, great news becomes old news quickly, and shares faltered. Still, the scope of the damage seems excessive. Over the past year, NTDOY stock has dropped a staggering 30%. While further losses are not out of the question due to the overall market panic, the bears are overlooking the company's long-reaching brands. For instance, the "Mario Bros." franchise is gaming gold, which Nintendo can leverage for profitable synergies. Source: Shutterstock ### Electronic Arts (EA) For anybody who has picked up a video game in the last decade, chances are, you fed the Electronic Arts (NASDAQ:EA) cash cow. From developing games for the Commodore Amiga -- does anybody remember that? -- to driving the latest innovations in esports, EA stock is a mainstay within the industry. That said, video game stocks have incurred horrific losses, and Electronic Arts was not spared in any way, shape or form. Since July 25, EA stock has hemorrhaged more than 43% of market value. Some of that was due to the poor outlook given in its first-quarter fiscal 2018 earnings report. But later losses stemmed from internal issues, such as the delayed launch for its heavily-anticipated video game Battlefield V. I understand why investors are now hesitant on EA stock. A few months ago, I provided my analysis on the company's extreme volatility. That said, my ultimate take is that Electronic Arts suffers from fixable problems. * Mizuho: 7 Long-Term Value Stocks to Buy Now Moreover, they leverage an enviable sports-licensing franchise. No matter what happens, throngs of gamers always eagerly await the latest iteration in the Madden or FIFA series. On the surface, such fandom seems irrational because the changes are minute. Still, the consumers are shelling out big bucks every year, so who am I to judge? Source: Gamevil Inc. via Flickr ### Activision Blizzard (ATVI) One of the biggest reasons why the video game industry has captured mainstream attention is the proliferation of the online shooter genre. And in this genre, no one does it better than Activision Blizzard (NASDAQ:ATVI). Over the last few years, ATVI stock has skyrocketed based largely on its Call of Duty franchise. Rather than being shunned by the real heroes in uniform, our military forces embrace these games. Earlier last year, Activision announced that it donated more than $100,000 worth of Call of Duty games to the United Service Organizations, or USO. However, like Electronic Arts, ATVI stock incurred heavy losses in the markets. Since the close of Oct. 1, Activision shares have tanked 40%. A major culprit is fierce competition, particularly from Epic Games' Fortnite. In the long-term, though, ATVI stock looks very intriguing. Over a year-and-a-half of market gains was wiped out in less than two months' time. That's a little bit over the top considering that the company levers one of the most popular franchises among video stocks. Source: Shutterstock ### Nvidia (NVDA) Semiconductor firms like Nvidia (NASDAQ:NVDA) started to light up the markets in 2016, and that momentum continued into last year. Unfortunately, we learned a physics lesson with NVDA stock: what goes up must come down. And shares are doing exactly that. What appeared to be a promising start for 2018 turned into a veritable nightmare. Between the January opener and the end of September, NVDA stock gained nearly 44%. Since the beginning of October, however, the company has tumbled over 48%, finishing the year down 31%. As a leader in advanced technologies, Nvidia took the brunt of the sector fallout. The geopolitical wrangling between the U.S. and China isn't helping matters. Plus, the severe plummeting in bitcoin prices is likely to negatively impact its crypto-mining-specific graphics processing units, or GPUs. * 7 Stocks to Buy That Are Run By Billionaires Nevertheless, I really like NVDA stock, especially at these prices. I'm not the only one, as notorious short-sellers Citron Research just recently reversed their bearish take on the company. While you shouldn't rush in simply based on one expert opinion, Nvidia offers exposure to multiple next-gen businesses. I doubt that NVDA will stay deflated for long. Source: Shutterstock ### GameStop (GME) In following with my usual routine of sticking speculative names in the back, I bring to you GameStop (NYSE:GME). GME stock is easily one of the riskiest investments among video game stocks. The company pays out a near-10% dividend, which tells you all you need to know. The other reason that GME stock is down -- aside from all the terrible factors that slammed valuations -- is related to its PR crisis. Many gamers hate GameStop because the retailer rips off customers who are looking to trade in their games and paraphernalia. That's true, but at the same time, you can't have it both ways. The reason why other gamers love GameStop is due to their extensive library of preowned products. In my opinion, it's far superior to online sales and subscription-based services due to its easy return policy: if you don't like a particular video game, just return it. This return policy is a major but underappreciated benefit for GME stock because many gamers are young. They (or their parents) may not have the funds for subscription services. GameStop gives these customers better pricing and superior flexibility. As of this writing, Josh Enomoto was long SNE and bitcoin. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post 7 Video Game Stocks on Steep Discount appeared first on InvestorPlace.
U.S. stock futures are trading lower this morning amid weak China trade data and continued global slowdown worries. Ahead of the bell, futures on the Dow Jones Industrial Average are down 0.77% and S&P 500 futures are lower by 0.73%. Nasdaq-100 futures have shed 0.90%. In the options pits, call volume won the day as overall volumes lifted on the day. Specifically, about 17.9 million calls and 16.1 million puts changed hands on the session. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Fear's return was felt at the CBOE, with the single-session equity put/call volume ratio rising to 0.77 - a three week high. Meanwhile, the 10-day moving average ticked higher to 0.63. Here were three stocks atop the most-actives list. Activision Blizzard (NASDAQ:ATVI) shares fell 9.4% after announcing a split with game developer Bungie. General Motors (NYSE:GM) soared on upbeat earnings guidance. Finally, Tilray (NASDAQ:TLRY) rocketed higher after their largest shareholder revealed they won't be selling shares this week when the lock-up period expires. Let's take a closer look: ### Activision Blizzard (ATVI) Last week's recovery in Activision shares came to a crashing end on Friday after the video game giant announced it would end its partnership with Bungie, developer of the hit game Destiny. * 10 A-Rated Stocks the Smart Money Is Piling Into By day's end, ATVI stock was down over 9% amid heavy selling pressure. The price plunge returned Activision to crucial support near its 52-week low and has the stock knocking on the door of another potential breakdown. A host of analysts cut their price targets in the wake of the news. On the options trading front, calls outpaced puts on the session despite the outsized price drop. Total activity ballooned to 998% of the average daily volume, with 140,816 total contracts traded. 65% of the trading came from call options. Implied volatility held steady at 50%, placing it at the 52nd percentile of its one-year range. Premiums are pricing in daily moves of $1.46 or 3.1%. ### General Motors (GM) General Motors shares were flying high Friday after the automaker provided positive earnings guidance. Investors enthusiastically bid GM stock up by 7.05% amid heavy volume. In the company's statement, they said their 2018 earnings should exceed previous estimates provided in October. Furthermore, they offered better-than-expected projections for 2019 including adjusted earnings per share between $6.50 and $7. With Friday's rally, GM is now close to departing the whippy price range it has been stuck in for the past three months. On the options trading front, calls won the day by a wide margin. Total activity increased to 712% of the average daily volume, with 255,222 total contracts traded. Calls accounted for 68% of the day's take. Uncertainty melted alongside Friday's rally, driving implied volatility down to 35%, or the 52nd percentile of its one-year range. Premiums are now pricing in daily moves of 82 cents or 2.2%. ### Tilray (TLRY) Investors worrying about the expiration of Tilray's lock-up period breathed a sigh of relief on Friday after Privateer Holdings said it plans to maintain its large position. As the largest shareholder of TLRY stock, had the fund decided to liquidate its position it undoubtedly would have exerted heavy pressure on the Cannabis company's share price. TLRY jumped 19.4% on the news, climbing back above its 50-day moving average for the first time since last November. On the options trading front, calls were hot alongside the price jump. Total activity ramped to 409% of the average daily volume, with 151,653 total contracts traded. Calls contributed 68% of the session's tally. Implied volatility jumped to 143%, reflecting increased uncertainty. As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post Monday's Vital Data: Activision, General Motors and Tilray appeared first on InvestorPlace.
Timothy O’Shea, an analyst with Jefferies, breaks down the firm's top video game predictions for 2019 with CNBC's "Power Lunch" team.