NASDAQ: ATVI is a listed company on the NASDAQ. You are interested in analyzing the impact of information on share prices. To answer this question, consider the time-period and daily share price of the company for the period 1st January 2018 to 11th of September 2019.
Carefully identify at least three major news stories, events or issues related to the company that impacted the share price by 5% or more on the day of release (this can be intra-day or close price) and why they impacted share price in the way that they did.
You should include a price chart of some sort, with annotation, which clearly shows each major news impact on the price. Marks are allocated for a relevant news story, clearly annotated diagrams and discussion as to why the identified news impacted share price .
Consider the news items that you have picked. Evaluate the impact of each item on share price (in the context of market efficiency) and why it impacted the share price in the manner that it did. Are there other considerations (e.g. theoretical, market, behavioral) besides the identified news article that would impact the share price? .
In following 3 days stock of atvi gain loss by more then 5%
1) November 8 - 2018 closing price was $65.4 ans November 9- 2018 opening price was 55 so drop was more then 10% and news behind it was atvi reported continually decline in monthly active users hence it's top line is going to impacted in that quarter result
2) October 29-2018 where closing price was 70.34 and opening for 30- October 2018 it was 65.69
the reason behind this fall was market already expected the above mentioned news on November 8 so it was pre action fall for the stock
3) may 3-2019 here stock fall more than 5% as due to forecasts presented by the management FOR the second quarter results was below the estimation of street.
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