Activision shares jump ahead of quarterly report

Shares in Activision Blizzard saw a sizable spike yesterday ahead of the publisher’s quarterly earnings report.

On Wednesday Activision’s share price peaked at $11.16 after closing the day prior at $10.30.

The encouraging jump follows Goldman Sachs analyst Mark Wienkes upgrading the company’s shares from ‘Neutral’ to ‘Buy’, claiming in a note to investors that stock could appreciate by 35 per cent or more, climbing above previous projections.

Activision is scheduled to post its first-quarter results next Thursday. A Thomson Reuters poll shows average analyst expectations foresee Activision posting sales of $588.7 million.

At the time of going to press, shares sit at $10.70.