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Activision stock price sees 1984 levels, record valuation on expansion plans

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Activision Blizzard Inc. shares on Friday closed at their highest price since 1984, or at an all-time high when you take several stock splits into account, following strong earnings and an outlook that seeks to tap more of the fast-growing mobile gaming market.

Activision Blizzard
ATVI,
+9.64%

shares rallied more than 12% intraday Friday, and closed up 9.6% at $101.61. That’s the first time Activision stock price has finished above $100 since Jan. 20, 1984, when the stock closed at $103.12, according to FactSet data. Accounting, however, for the nine stock splits since then, shares finished at an all-time high for a record market cap of $78.53 billion, according…



Source marketwatch.com

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