Activision Stock Price Continues To Fall!
Need For Change To Move Forward!“

Weekly Options” Members Profit Up 80% On The Day!
Further Downside Expected!

Activision Blizzard, Inc. (NASDAQ:ATVI)

On Thursday, November 18, 2021, an ATVI Weekly Options trade was recommended to our members based on several catalysts.

READ Details of the Original ATVI Weekly Options Recommendation Further Below.....

It seems that the Activision Blizzard CEO Bobby Kotick needs to step down. The CEO of one of the country’s largest video game companies, Kotick has reportedly told executives at Activision Blizzard that he’ll resign if he can’t resolve the company’s myriad harassment scandals in short order.

But the problems at Activision Blizzard will require systemic changes, including Kotick’s removal as soon as possible — especially after The Wall Street Journal’s revelations last week that he knew about the company’s issues for years. Those problems include allegations of rape, sexual harassment, and sexual and racial discrimination.

“People are leaving. I'm getting goodbye emails, like almost at least three a week,” explained Jessica Gonzalez, senior test analyst at Activision Blizzard’s Battle.net.

“I'm seeing people leaving the company, and high-level women, women that are in senior positions are just leaving the company because they have no faith in Kotick,” added Gonzalez, who helped organize an employee walkout after last week’s Journal report.

The allegations have increased pressure on Kotick to resign, with employees creating a Change.org petition seeking to build public pressure to oust him. As of Wednesday, the petition has received more than 28,000 signatures.

With some of Activision Blizzard’s biggest industry partners coming out against it, the firm could face serious consequences. Spencer in particular said that Xbox is evaluating all aspects of its relationship with Activision Blizzard in the wake of The Journal story.

Analyst, Eric Handler of MKM Partners, cut his rating on the stock to Sell from Neutral, and slashed his price target to $54 from $75, arguing “big changes are needed at the house Bobby built.”

The Actual Recommended Activision Weekly Options Trade.....

** OPTION TRADE: Buy ATVI NOV 26 2021 65.000 PUT at approximately $1.85.

 (Actually bought for $2.21)

Activision Weekly Options Trade Put Success Explained.....

Bought at market start for $2.21

Sold at 11:00 for $3.97

Total Potential Profit is 80%

It is very likely that a new Activision Weekly Options trade, if recommended, will be also successful.

Join us and see what we are proposing!

The Original Major Catalysts for the ACTIVISION Weekly Options Trade…..

The Original Major Catalysts for the Activision Weekly Options Trade…..

Prelude.....

In recent months, Activision Blizzard, Inc. (NASDAQ:ATVI) has been embroiled in allegations of equal pay violations, sexual discrimination and sexual misconduct. Last month, the company said it had fired more than 20 employees following allegations of sexual harassment and discrimination.

Activision Blizzard Inc. stock dropped to its lowest close in more than a year Tuesday, and a further 3% yesterday, following a report that Chief Executive Bobby Kotick knew about sexual harassment and misconduct at the videogame publisher for years, which reportedly prompted employees to stage a second walkout.

Activision Blizzard shares fell to $64.20, the lowest closing price for the stock since May 1, 2020. Shares are down nearly 15% over the past 12 months, versus a 29.1% rise in the S&P 500 index, and a 34% gain in the tech-heavy Nasdaq Composite Index.

About Activision Blizzard.....

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices.

The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment.

It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

The Major Catalysts for the Activision Weekly Options Trade…..

1. Sexual Misconduct News Report…..

On Tuesday, The Wall Street Journal reported that Kotick knew about multiple reports of sexual misconduct, including alleged rapes and that the company reached out-of-court settlements without informing the board. Employees planned another walkout Tuesday in light of the report, calling for Kotick to be replaced, according to Bloomberg News reporter Jason Schreier. 

In a follow-up tweet, Schreier said the walkout was already under way by the close of markets Tuesday.

In July, the California Department of Fair Employment and Housing sued Activision Blizzard alleging the company turned a blind eye for years to a “frat boy” workplace where female employees were subject to “constant sexual harassment.” The company has been in full damage control mode since executives’ perceived tone-deaf response to those, leading to a previous employee walkout.

In a statement, Activision Blizzard defended Kotick, but did not deny any specific instances included in the Journal’s reporting, such as the approval of out-of-court settlements without board knowledge.

2. The Cause of the Walkout.....

The SEC subpoenaed Kotick into how the company handled reports of misconduct and disclosed them to the public. A former employee lawyer alleged that her client was raped in 2016 and 2017 by her male supervisor after pressuring her to consume too much alcohol in the office and at work events.

The female employee accused Dan Bunting, a co-head of Activision's Treyarch studio, of sexually harassing her in 2017. Bunting reportedly quit after WSJ questioned the incident.

Activision reached an out-of-court settlement with the woman, who also had reported one of the incidents to the police. Kotick did not inform the issue to company's board.

In July, the California Department of Fair Employment and Housing prosecuted Activision for allegedly ignoring complaints by multiple female employees of harassment, discrimination, and retaliation. Kotick refuted the allegations and did not inform the board either.

When the board questioned Kotick's discretion, he defended that any cultural issues were centered at the Blizzard Entertainment unit, which he said he had resolved years earlier.

Another supervisor Javier Panameno was also fired following harassment allegations. Since the California lawsuit, Activision has received more than 500 reports from current and former employees alleging harassment, sexual assault, bullying, pay disparities, and other issues.

3. Earnings…..

In the past two earnings reports, Kotick has stressed repeatedly that Activision Blizzard is changing its ways. Earlier in November, Kotick acknowledged the company fired more than 20 employees over the past quarter related to allegations of sexual harassment, and that it is waiving arbitration requirements for future claims of harassment and discrimination. Kotick also said the company plans to increase the number of women and nonbinary employees by 50% within the next five years, so that they comprise about one-third of the workforce.

In August, the company spent most of its earnings conference call with analysts discussing a zero-tolerance policy for “discrimination, harassment or unequal treatment of any kind.”

4. Partners and Shareholders Thoughts.....

Hours after the article was published on Tuesday, more than a hundred employees staged a walkout to demand Kotick’s resignation. The board said it’s standing by Kotick, but partners and shareholders have raised questions about his handling of the crisis. Sony Group Corp.’s PlayStation chief Jim Ryan criticized Activision’s response in an email to staff Wednesday, Bloomberg reported. When asked for comment, the California State Teachers’ Retirement System, which owns more than a million shares in Activision, said in a statement that it recognizes that sexual harassment and misconduct incidents can result in “significant” risks to its portfolio holdings and that it continually monitors its holdings to address those risks.

5. Downgrades.....

Earlier this month, Activision Blizzard shares experienced their worst day in 13 years after announcing game delays that prompted Wall Street downgrades as newly installed co-head at Blizzard Jen Oneal suddenly stepped down after being on the job for three months. The Journal report said that Oneal stepped down after emailing the company’s legal team a month into the new position saying she lacked faith that leadership could turn Activision Blizzard’s culture around. Oneal also said in the email that she had been sexually harassed earlier in her career at the company, earned less than male counterpart Mike Ybarra, and that she wanted to discuss her resignation.

Summary.....

This is yet another black eye for Activision Blizzard, which revealed in September that "it continues to work with regulators on addressing and resolving workplace complaints it has received." At that time, Kotick said, "There is absolutely no place anywhere in our company for discrimination, harassment, or unequal treatment of any kind."

Given that Kotick has apparently been aware of the ongoing issues at the Activision unit for some time -- and failed to take any decisive action to deal with them -- his words would seem to ring somewhat hollow.

Conclusion.....

Of course, Kotick’s removal as CEO wouldn’t change Activision Blizzard overnight. But it would go a long way in proving the company is actually serious about reinventing its broken culture.

Therefore…..

The Activision Weekly Options Trade Has Been A Big Winner!

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