Video game makers extend months-long rally with new titles on tap

Video game makers extend months-long rally with new titles on tap
 

Shares of video game maker Activision Blizzard and rival Electronic Arts extended months-long Wall Street rallies in September as investors eyed new versions of high-profile franchises such as "FIFA" and "Call of Duty," analysts said.
Since the end of February, Activision has surged 39 percent, while EA has risen 12 percent since the start of July and both companies have attracted new institutional investors.
In the current quarter, 189 mutual funds and exchange traded funds became new shareholders of Activision, resulting in 116 net new purchasers after divestments by... read more

 
29 September 2016 in Science &Technology, Views: 41
Source: Reuters
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