Solid session for Blizzard generates 1.97% gain yesterday

Published: May 27 2023, 08:01 GMT+0

Solid session for Blizzard generates 1.97% gain yesterday

A quick look at yesterday: the gaming company rose as high as $78.79 before giving up its gains and dropping back to $78.66 before the close on yesterday.

  • The day's trading volume totalled 5.24 million shares — slightly below the 21-day average of 6.51 million.

With the opening bell 3 days away, yesterday's session was noteworthy in that S&P 500 built upon its previous close around 4,151.28 to gain 1.3%, before closing the session at 4,205.45. Nasdaq rises 2.19% before ending the session at 12,976. Blizzard's gains were in line with the Communication Services sector which was up 0.271% as a whole.

Over the past a month, the interactive entertainment content and services provider has retreated 11.07% from a noteworthy peak of $86.74. So far this year, it has been under-performing the Nasdaq by 18.03%. The company has a market cap of $61.84 billion with an average daily volume of 6.51 million shares. Blizzard is forecasted to generate revenues of $1.79 billion and EPS of 51 cents.

A look at other communication services stocks also showed bullish price action as Netflix was up 5.54%. Meta Platforms added 3.7% to its value, and traded at $262.04. AT&T gained 2.31%, as it traded at $15.5.