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OFFON

ACTIVISION BLIZZARD, INC.

(ATVI)
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ACTIVISION BLIZZARD 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Activision Blizzard, Inc. - ATVI

10/01/2021 | 10:51pm EST

Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until October 4, 2021 to file lead plaintiff applications in a securities class action lawsuit against Activision Blizzard, Inc. (NasdaqGS: ATVI), if they purchased the Company’s securities between August 4, 2016 and July 27, 2021, inclusive (the “Class Period”). This action is pending in the United States District Court for the Central District of California.

What You May Do

If you purchased securities of Activision Blizzard and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-atvi/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by October 4, 2021.

About the Lawsuit

On July 20, 2021, the California Department of Fair Employment and Housing filed a lawsuit against the Company alleging violations of the state’s Equal Pay Act as well as the Fair Employment and Housing Act based on disturbing incidents of sexual harassment and assault. On July 27, 2021, Bloomberg reported that thousands of current and former employees of the Company had signed a petition in protest of the Company’s “abhorrent and insulting” response to the lawsuit and had planned walkout and work stoppage the following day, resulting in the Company’s CEO sending a letter to employees apologizing for the Company’s “tone deaf” response to the DFEH lawsuit and promising “swift action to be [. . .] compassionate[,] caring [and] to ensure a safe environment.”

On this news, shares of Activision fell $5.89, or over 6%, to close at $84.05 on July 27, 2021, on unusually heavy trading volume.

The case is Cheng v. Activision Blizzard, Inc., et al., No. 1:21-cv-06240.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.


ę Business Wire 2021
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Analyst Recommendations on ACTIVISION BLIZZARD, INC.
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Financials (USD)
Sales 2021 8 748 M - -
Net income 2021 2 649 M - -
Net cash 2021 7 397 M - -
P/E ratio 2021 17,1x
Yield 2021 0,82%
Capitalization 44 677 M 44 677 M -
EV / Sales 2021 4,26x
EV / Sales 2022 3,81x
Nbr of Employees 9 500
Free-Float 64,0%
Chart ACTIVISION BLIZZARD, INC.
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Activision Blizzard, Inc. Technical Analysis Chart | ATVI | US00507V1098 | MarketScreener
Technical analysis trends ACTIVISION BLIZZARD, INC.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 30
Last Close Price 57,36 $
Average target price 93,90 $
Spread / Average Target 63,7%
EPS Revisions
Managers and Directors
Robert A. Kotick Chief Executive Officer & Director
Daniel I. Alegre President & Chief Operating Officer
Armin Zerza Chief Financial Officer
Brian G. Kelly Chairman
Frances Fragos Townsend Secretary & Chief Compliance Officer
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