Save 35% on a VG247 yearly subscription this Black Friday!

If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Activision stock rises 11% after analyst support


After Activision's share price dropped to $8.14 last Tuesday - the lowest its been since November 2006 - its stock value bounced back by 11 percent at close of trading yesterday due to an analyst note from Piper Jaffary supporting the publisher's 2009 portfolio.

"Following 11 per cent growth during November, we continue to project 5 per cent-plus growth to industry game software sales during the month of December," read the note.

"Our checks suggest that Activision's portfolio of 'must-have' titles performed well in the US and in international markets. With a meaningful portion of the top 20 selling games, we believe that Activision is taking share and has out-performed its peer group by a wide margin."

Thanks StreetInsider via GI.

By Mike Bowden

About the Author

Mike avatar



33, live in Denmark, married, little boy named Aleksander help out Pat with some news stories for VG247

Support VG247

You give us money, we give you an ad-free reading experience, merch discounts, a newsletter every month, and elite status amongst your friends.

See more information

More News

Latest Articles

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 Merch