Activision Blizzard (ATVI.US) stock fell over 3% in premarket after Politico reported yesterday that the Federal Trade Commission (FTC) will likely to file an antitrust lawsuit in order to block Microsoft’s (MSFT.US) $69 billion acquisition of the videogame maker. FTC officials were skeptical of Microsoft’s assurances that takeover deal would not produce monopoly power in the gaming industry.
Activision Blizzard (ATVI.US) stock pulled back sharply lower after sellers failed to break above long-term downward trendline and 200 SMA (red line). If current sentiment prevails, major support at $72.00 which coincides with 50.0% Fibonacci retracement of the upward wave launched in February 2019. Source: xStation5
Daily summary: Weak US data drags markets down, precious metals under pressure again!
Datadog in Top Form: Record Q4 and Strong Outlook for 2026
US Open: Wall Street rises despite weak retail sales
Coca-Cola Earnings: Will the New CEO Withstand the Pressure?
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
