Activision (ATVI) NewsBite - ATVI Revenue Tops Estimates

Posted: Friday, November 06, 2009 11:13 AM EDT

Activision (NasdaqNM: ATVI) opened at $11.30. So far today, the stock has hit a low of $11.13 and a high of $11.44. ATVI is now trading at $11.35, up $0.48 (4.41%). Over the last 52 weeks the stock has ranged from a low of $8.14 to a high of $13.14. ATVI reported a third-quarter adjusted profit last night of 4 cents per share on revenue of $755 million. Analysts had forecast a profit of 4 cents per share on revenue of $724.04 million. Technical indicators for the stock are neutral and S&P gives ATVI a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ATVI the stock seems like it could be a candidate for a February out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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