Why Activision Blizzard Stock Popped Today

Shares of Activision Blizzard (NASDAQ: ATVI) rose on Wednesday after the video-game maker delivered impressive first-quarter financial results. As of 3 p.m. EDT, its stock price was up more than 3% after rising as much as 6.9% earlier in the day.

Activision Blizzard's revenue surged 27% year over year to $2.28 billion. This growth was driven by strong sales of the company's core franchises, including Call of Duty, World of Warcraft, and Candy Crush.

"Demand for our content has never been stronger," CEO Bobby Kotick said during a conference call with analysts. 

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Source Fool.com