Activision to Join S&P 500

ATVI is up over 7% after-hours, but I would not chase this move. The company’s stock had a trading volume of 8,077,574 shares. Activision Blizzard, Inc most recently reported earnings per share of $0.11 for the quarter ending on 2014-12-31. The bar has been raised for Activision Blizzard, Inc. and it remains to be seen if they can continue their outperformance. The stock has a market capitalization of $21.58 billion and a P/E ratio of 23.27.

Newsbrief: Call of Duty and World of Warcraft publisher Activision Blizzard will join the S&P 500 today, replacing Pall Corp on the stock market index.

Activision Blizzard, Inc (NASDAQ:ATVI) has received a buy rating for the short term, according to the latest rank of 2 from research firm, Zacks.

Activision Blizzard earns a 95 IBD Composite Rating. Activision Blizzard’s quarterly revenue was up 15.3% compared to the same quarter past year. That being said, Activision’s current quarter and fiscal year 2015 (FY15) guidance is above the analysts’ expectations by a noteworthy margin. The arithmetical ratings average places the stock at 1.13, where 1 represents a Strong Buy and 5 represents a Strong Sell. The Company also develops products spanning other genres, including first-person action, action/adventure, role playing, simulation and strategy. It distributes interactive entertainment hardware and software products in Europe through its European supply subsidiaries: Centresoft in the UK and NBG in Germany.

The addition of the video game company to the S&P 500 is a milestone that will likely raise awareness of the company among investors, as the index of 500 publicly traded American companies is a bellwether for the overall economy.

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