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Insider Trends: Insider Buying Continued with Purchase of Activision Blizzard Stock

05/10/2021 15:17

07:07 PM EDT, 05/10/2021 (MT Newswires) -- Peter J Nolan, Director, made a purchase of 20,000 shares in Activision Blizzard (ATVI) for $1,901,480 on May 06, 2021. Following the Form 4 filing with the SEC, Nolan has control over a total of 192,721 shares of company stock, with 84,379 shares held directly and 108,342 controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $18.27 million.

Over the last 90 days, previous to the date of this filing, there have been 11 insider transactions reported to the SEC for Activision Blizzard. These transactions came from the activities of 6 individual insiders that resulted in a net acquisition of 367,938 company shares. This compares with the preceding 90-day window of time where there were 4 transactions from 4 insiders and resulted in the net acquisition of 311,127 shares.

This level of insider transactions is lower than the peer group average in the 13-company Internet Gaming peer group over the last 90-day period. Activity in the peer group averaged 70.4 transactions per company, and disposition of 232,529 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/718877/000135202721000035/xslF345X03/wf-form4_162068791037654.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.