Blizzard ended the session at $79 (-1.1%)

Published: March 19 2023, 07:51 GMT+0

Blizzard ended the session at $79 (-1.1%)

A quick look at Friday: during Friday's session, Activision Blizzard toiled and struggled for upward momentum before closing at $79. By the close, the the gaming company suffered a 87 cents or 1.1% loss.

  • Daily trading volume (9.40 million shares) increased, making up 174% of the 21-day average (5.42 million).

As market participants brought Friday's session to a close, Nasdaq draws back 0.74% before ending the session at 11,631. S&P 500 dropped by 1.1% to close at 3,916.64. Blizzard ended the day at $79, doing worse than the Communication Services sector which saw a 0.216% increase this session.

Blizzard hit a significant low of $71.1 around 4 months ago, but has since recovered 12.33%. So far this year, it has been under-performing the Nasdaq by 5.24%. The company has a market cap of $61.95 billion with an average daily volume of 5.42 million shares. $2.33 billion was Blizzard's last reported revenue with $1.71 being the current EPS.

Blizzard was not the only decliner in the communication services sector; Meta Platforms went down to $195.61, losing 4.55% after it closed at $204.93 Friday. AT&T went down 1.41%, closed at $18.39.

On the other hand, positive performances could be seen by looking at other communication services stocks as Alphabet traded at $102.46 after closing Friday's trading day at $101.07 (up 1.38%).