Blizzard opened at $78.57 yesterday before posting solid session gaining 1.97%

Yesterday at a glance: having closed Thursday at $77.14, bullish sentiment helped Activision Blizzard to reach highs around $78.79 before paring gains and ending yesterday at $78.66.

Blizzard's uptick comes amid disappointing United States macroeconomic data released during the session – highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

This rally in Blizzard's share price coincided with other communication services stocks as Netflix traded at $378.88 after closing yesterday's trading day at $359 (up 5.54%). Meta Platforms traded at $262.04 after closing yesterday's trading day at $252.69 (up 3.7%). AT&T was up 2.31%.

Trending downwards for around a month. Having set a significant high of $86.74 a month ago, the gaming company is trading 11.07% lower.