Activision Gives Videogame Stocks A Boost >ATV

Nov 6th, 2009 - Wall Street Journal

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Activision Blizzard Inc. (ATVI) shares rose Friday after reporting third-quarter results and maintaining its fourth-quarter forecast, encouraging investors who had grown worried about holiday game sales.

The shares recently rose 37 cents, or 3.5%, to $11.24 although the stock had slumped 16% over the previous month. It remains up 25% for the year.

Shares of another game publisher, Electronic Arts Inc. (ERTS), advanced 77 cents, or 4.3%, to $18.93. EA reports its results after the closing bell Monday.

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