Shares of Activision Blizzard Inc. ATVI, -0.49% sank 0.49% to $79.12 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +2.24% rising 2.24% to 4,357.86 and the Dow Jones Industrial Average DJIA, +1.55% rising 1.55% to 34,063.10. This was the stock’s sixth consecutive day of losses. Activision Blizzard Inc. closed $20.34 below its 52-week high ($99.46), which the company reached on June 14th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. MSFT, +2.52% rose 2.52% to $294.39. Trading volume (10.7 M) remained 3.2 million below its 50-day average volume of 13.8 M.