Why Activision Blizzard Stock Was Losing the Game Tuesday
Shares of Activision Blizzard (NASDAQ: ATVI) lost ground on Tuesday, slipping as much as 7.1% and briefly touching a 52-week low. As of 1:04 p.m. EST, the stock was down 5.8%.
The catalyst that sent the video game publisher downward was a disturbing news report that suggests its CEO was more aware than he had previously admitted of alleged misconduct within the company.
Activision Blizzard has been embroiled in controversy in recent months after a raft of reports came to light regarding discrimination and sexual harassment in the workplace.
Source Fool.com
