NEW YORK, NY / ACCESSWIRE / February 16, 2018 / Electronic Arts and Activision Blizzard were two gaming companies heading higher in Thursday trading. While Electronic Arts didn't have any particular news to explain the stock's up-move, Activision's breakout was on the account of the company being recognized for the fourth consecutive year as one of Fortune's "100 Best Companies to Work For."

RDI Initiates Coverage on:

Electronic Arts Inc.
https://rdinvesting.com/report/?ticker=EA

Activision Blizzard, Inc.
https://rdinvesting.com/report/?ticker=ATVI

Electronic Arts' shares closed up 2.19% on about 3.2 million shares traded yesterday. There was no particular news to drive shares higher yesterday. It was in January that shares of the stock soared 20% as the company reported third quarter results that eased the concerns of investors. Prior to the release, investors were worrying over the disappointing sales of Star Wars: Battlefront 2 and how it would affect EA's earnings. On January 31st the results were in and although the game came in under the company's estimates, the company still did well. During the conference call with analysts last month, CFO Blake Jorgensen had said, "For Q3, we had expected the sale of about 8 million units, but we fell short of that, by less than 1 million units." The company assured though that it is on track to hit its goal of $1.6 billion in operating cash flow in fiscal 2018.

Access RDI's Electronic Arts Inc. Research Report at:
https://rdinvesting.com/report/?ticker=EA

Activision Blizzard's shares closed up 3.36% on Thursday with nearly 6.2 million shares traded. It was yesterday that the interactive company was once again recognized on Fortune's "100 Best Companies to Work For" list. This marks the fourth straight year that Activision has made it to the list. The company's CEO Bobby Kotick remarked, "To connect the world through epic entertainment, we recruit and develop the world's best talent. We're proud to be recognized for so many years as one of the best companies to work for. We remain committed to constant improvement so we are always one of the very best places to work." Apparently a whopping 91% of the employees who work at Activision feel they can be themselves and 91% also said they feel the place is fun to work at. Even higher at 96%, were the amount of employees who said they are proud to say they work for the company. Activision has over 10,000 employees so these results certainly said something and can explain why the stock soared north.

Access RDI's Activision Blizzard, Inc. Research Report at:
https://rdinvesting.com/report/?ticker=ATVI

Our Actionable Research on Electronic Arts Inc. (NASDAQ: EA) and Activision Blizzard, Inc. (NASDAQ: ATVI) can be downloaded free of charge at Research Driven Investing.

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