Activision Blizzard Inc. stock outperforms market despite losses on the day

Activision Blizzard Inc. stock outperforms market despite losses on the day

Shares of Activision Blizzard Inc. ATVI, -0.89% slipped 0.89% to $72.66 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -2.50% falling 2.50% to 3,759.69 and Dow Jones Industrial Average DJIA, -1.55% falling 1.55% to 32,147.76. Activision Blizzard Inc. closed $14.24 below its 52-week high ($86.90), which the company achieved on January 18th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp. MSFT, -3.54% fell 3.54% to $220.10, Sony Group Corp. ADR SONY, -3.57% fell 3.57% to $71.37, and Nintendo Co. Ltd. ADR NTDOY, +0.20% rose 0.20% to $10.17. Trading volume (5.5 M) remained 530,641 below its 50-day average volume of 6.0 M.

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