Why These 5 Stocks Moved on Wednesday

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In this article we take a look at five stocks that moved on Wednesday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Moved on Wednesday.

5. Activision Blizzard, Inc. (NASDAQ:ATVI) fell around 14% today despite its third quarter adjusted earnings per share of $0.72 beating the average estimate by $0.02 per share. Sales for the period rose 6.2% year over year to $1.88 billion and were in line with estimates. The delay of Overwatch 2 and Diablo IV until 2023 may have played a part in the decline. First Pacific Advisors LLC owned over 2.2 million shares of Activision Blizzard, Inc. (NASDAQ:ATVI) at the end of September.

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