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Activision Blizzard (ATVI) Insider Makes Significant Share purchase Reversing Selling Trend over Last Quarter

05/11/2021 18:35

10:20 PM EDT, 05/11/2021 (MT Newswires) -- An insider -- Peter J Nolan, Director -- acquired 20,000 shares of Activision Blizzard having a market value of approximately $1,901,480 today, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 18,500 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 1,500 shares and have averaged 19,250 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Activision Blizzard is greater than its 13-company peer group average. The Internet Gaming peer group saw 12 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares traded per transaction by Activision Blizzard insiders is lower than its peers. Within the peer group there were 0 shares purchased and 643,280 shares sold with company insiders disposing of 53,607 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.

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.