The CLO of Activision Blizzard (NASDAQ: ATVI) is Selling Shares

By George MacDonald

Yesterday, the CLO of Activision Blizzard (NASDAQ: ATVI), Christopher Walther, sold shares of ATVI for $2.38M.

In addition to Christopher Walther, 3 other ATVI executives reported Sell trades in the last month.

The company has a one year high of $39.93 and a one year low of $22.21. ATVI’s market cap is $23.32B and the company has a P/E ratio of 25%. Currently, Activision Blizzard has an average volume of 7.48M.

Based on 13 analyst ratings, the analyst consensus is Strong Buy with an average price target of $38.43, reflecting a -17.6% downside.

Looking at blogger coverage of ATVI, there is a 73% Bullish tendency on the stock, in relation to a 67% average bullish tendency within the Technology sector.

Over the last 3 months, the insider sentiment on Activision Blizzard has been negative based on 63 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Activision Blizzard Inc is an online, personal computer, video game console, tablet, handheld, and mobile game publisher. It has three operating segments: – Activision Publishing, Inc., Blizzard Entertainment, Inc. and Activision Blizzard Distribution.