After five days of gains, Blizzard falls 3.21% in pre-market trading after closing at $76.59 (+0.94%) Wednesday

Published: November 25 2022, 13:41 GMT+0

After five days of gains, Blizzard falls 3.21% in pre-market trading after closing at $76.59 (+0.94%) Wednesday

As traders prepare for a lower market open today, Wednesday's bullish sentiment has been left in the rear-view mirror: after ending Tuesday at $75.88, Activision Blizzard went up to $76.59 only to drop back, yet still traded well overall and closed at $76.59 Wednesday.

  • Wednesday's trading volume was 3.94 million shares which is slightly below the 21-day average of 5.89 million.

The US stock market is set to reconvene later today following Thanksgiving in 48 minutes time. S&P 500 went up to 4,027.26 for a 0.59% change. Nasdaq climbed to 11,300 (a 0.99% change). Blizzard climbed to $75.88 with similar gains seen throughout the Communication Services sector (up 0.751%).

Blizzard hit a significant low of $57.28 around 11 months ago, but has since recovered 32.47%. So far in 2022 it has been beating the Nasdaq by 54.45%. Blizzard has a market cap of $59.94 billion with an average daily volume of 5.89 million shares. $1.78 billion was Blizzard's last reported revenue with 58 cents being the current EPS.

A look at other communication services stocks also showed bullish price action as Alphabet was up 1.53%. Netflix traded at $291.5 after closing Wednesday's trading day at $286.69 (up 1.68%). Comcast added 1.23% to its value, and traded at $35.53.

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