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CNBC: Activision Blizzard halted for pending news
- Thread starter mrtl
- Start date
You guys will have to forgive my ignorance. I wouldn't have created a thread at all, but I didn't see anyone else jumping on it.
In short, I'm not sure what this would mean, if anything. Another mobile acquisition, perhaps? Something Destiny 2 related?
Any financially-inclined members out here know what this could be indicative of, or know whether it's a good or bad sign generally?
Edit: I see I was beaten. Preparing to be absorbed. I hope it doesn't hurt.
Halted in stocks means trading is currently put on hold, in this case, on hold due to an inbound announcement. Earnings release is most likely, but it could be something else.
If anyone wants to tune in - https://investor.activision.com/eve...quarter-calendar-2018-results-conference-call - 'bout 2 hours from now. Actual results will go out slightly before, probably 30 minutes. They already did their end of year voting announcement etc, which lead to the Kotaku article about Kotick's payday.
Their earnings leaked early.
Activision Blizzard shares dive following media report on earnings
https://www.cnbc.com/2018/05/03/act...-dive-following-media-report-on-earnings.html
Activision Blizzard shares dive following media report on earnings
https://www.cnbc.com/2018/05/03/act...-dive-following-media-report-on-earnings.html
Yar in a matter of an hour the stock jumped over 2.5 pts and then dropped 7.
If their earnings are 25% better than projections why the "dive" before being halted? I know nothing about the markets apparently...
Part of me likes to think that due to Belgium's recent ruling on Loot Boxes, this would be their time for "reevaluation." Of course, I doubt something as little as that would have raised any red flags. Also would be funny if Destiny 2 played a hand in concerns too, but I doubt it would be that either.
Still, if your earnings got thrown out there for the world to see and would cause people to panic, that's totally understandable.
Still, if your earnings got thrown out there for the world to see and would cause people to panic, that's totally understandable.
I'd guess because nobody knew if they were real or not, but it confuses me too. And then I get scared because the world literally runs on this shit and I don't have a god damn clue.
