6 months ago, on this day, the Activision Blizzard Share Price stood at over $96, with a market cap exceeding $74bn.
As of the time of writing, their share price now stands at $57, with a market cap that is just over $44bn.
This represents a colossal 40% drop in their share price in the past 6 months, with their YTD also being down 36%. (Source for share prices: https://www.google.com/finance/quote/ATVI:NASDAQ?sa=X&ved=2ahUKEwjVsaja1cj0AhUTmVwKHYx8AX0Q3ecFegQIDxAU&window=6M)
Last month, I posted an article where analysts suggested that the ATVI stock was in such a poor position that it couldn’t possibly get any worse (see: https://www.cnbc.com/2021/11/04/activision-stock-has-worst-day-in-13-years-trader-on-whats-next.html). Except at that point the YTD was “only” down 25%. I guess you can see what happened since then.