Why Activision Blizzard Stock Jumped on Wednesday

Shares of video game specialist Activision Blizzard (NASDAQ: ATVI) jumped on Wednesday, rising as much as 9.1%. As of 10:57 a.m. EDT, however, the stock was up 5.5%.

The stock's gain follows the video game company's strong first-quarter results, which featured net bookings and adjusted earnings per share that crushed analysts' consensus forecasts for the period.

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Source Fool.com