Activision Sinks to Lowest in Two Years With Earnings on Tuesday
Attendees walk past Activision Blizzard Inc. signage.
Photographer: Troy Harvey/BloombergThis article is for subscribers only.
Activision Blizzard Inc. sunk to the lowest in two years ahead of fourth-quarter earnings results on Tuesday.
The stock fell as much as 7.3% after Benchmark Co. cut its price target to $68 from $87, citing expectations for fewer "product catalysts" and uncertainty around contributions from mobile and advertising.