http://www.bloomberg.com/news/articl...es-for-estates
It resulted in over a 5% drop today and probably won't end there. It would appear that these two are losing faith in the company.
http://www.bloomberg.com/news/articl...es-for-estates
It resulted in over a 5% drop today and probably won't end there. It would appear that these two are losing faith in the company.
Well, great news!
Maybe that will tell Blizzard that they should actually LISTEN to feedback.
Do we start crying doom yet?
Sylvanas Windrunner For Warchief 2016!!#NoFlyNoSub, #NoFlyNoLegion, #NoFlyNoBuy, #BringBackFlight
so they sell their shares, they earned them, they have a right to do with them what they want.
Blizzard customer support is THE WORST in the industry.
*Activision-Blizzard CEO. But yeah we don't know what they are doing, maybe thinking it's time to retire, or need capital to buy something else. So everything is pure speculation.
Activision-Blizzard had a pretty stellar financial year, so them doing bad is probably not the reason.
MMO-Champion Rules and Guidelines
It's called "diversification". People who get rich off a single company's stock do it.
{MMO-Champion General Rules} {Off-Topic Forum Rules} {Video Games Discussion Forum Rules}
"I would let Anduin ravish me." - aiko
{MMO-Champion General Rules} {Off-Topic Forum Rules} {Video Games Discussion Forum Rules}
"I would let Anduin ravish me." - aiko
You mean Activision Blizzard CEO and chairman, right?
Seeing as Blizzard is doing really, really well, it's a good guess that they are not selling because they are "loosing faith".
- - - Updated - - -
They aren't? I'd say they are one of the best in the business when it comes to listening to customer feedback. They might not listen to you but you're just one person.
This news is as interesting as "guy has money on bank account, spends some of it".
Has nothing to do with company outlook, it's just a hedge fund essentially run by the execs (which is incredibly unusual, and went to court but was settled) cashing out. They announced they were in May. And their $100M is up to $1.2B in 2 1/2 years, it shouldn't be surprising that they would cash out there. It's not anything to do with them and their future outlook on the company.
http://business.financialpost.com/in..._lsa=632e-e0bc
This is actually pretty bad news. They dumped a bunch of shares two weeks before WoW expansion release; this indicates to me that they think the expansion will not be as popular as predicted.
No one would dump shares before a cash cow product release unless they thought that product was going to do poorly.
Markets doesn't follow products release dates, it does follow product announcements and sell figures, which for wow have happened a while ago..
so ATVI wouldn't have major shifts when the product "releases", and your assumptions are false.
Edit: Done some more research, the stock is at a 5yr high, so it's the perfect time to sale.
Last edited by Nir; 2016-08-16 at 09:34 PM.