Why Activision Blizzard Slumped 12.5% in July

Shares of Activision Blizzard (NASDAQ: ATVI) were already trending lower through most of July on expectations for weak financial results that would be going up against strong pandemic-driven gains a year ago.

But the video game maker's stock plunged, ending the month down 12.4%, according to data provided by S&P Global Market Intelligence, when news broke that the company had been accused of creating a hostile work environment.

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Source Fool.com