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Fly News Breaks for September 7, 2018
EA, ATVI, TTWO
Sep 7, 2018 | 07:37 EDT
Oppenheimer analyst Andrew Uerkwitz published a video game industry preview for the fall season, telling investors that he sees more intense competitive dynamics and lack of significant margin expansion opportunities overall compared to last year. Right now, Uerkwitz says he is long the group due to many continued tailwinds. Take-Two (TTWO) remains his favorite in the group given his growing confidence in Red Dead Redemption 2's near- and mid-term performance, though he still likes Activision Blizzard (ATVI) and EA (EA), based on their diversified toolkit to smooth out potential near-term hiccups in single titles. Uerkwitz has an Outperform rating on all three stocks.
News For TTWO;ATVI;EA From the Last 2 Days
ATVI
Mar 22, 2019 | 11:30 EDT
ActivisionBlizzard April call spreads as a bullish position is adjusted. The stock off 3.3% to $47 and 6K Apr 47 - 48 call spreads sold at 42c. The vertical appears to roll positions opened Tuesday when 6.4K Apr 47 calls traded VWAP of $1.23. The stock down today, but up 1.7% since that time and the 47 strikes are being liquidated at $1.63, while a new position in Apr 48 calls opened for $1.31 in anticipation of additional gains in shares over the next four weeks. Earnings note due again until early-May.