Fast Money Guys Like ATVI, GME, PWRD In The Video Game Industry
Posted in: Long Ideas, Trading Ideas
CNBC's Fast Money Guy Adami thinks Activision Blizzard, Inc. (NASDAQ: ATVI) is a buy. He likes its valuations and believes they have more licensing than their rival ETRS. Activision (ATVI) gained 1.54% today as company announced that its popular video game "Call of Duty IV" made $550 millions in five days on the market.
Tim Seymour would buy Perfect World Co., Ltd. (ADR) (NASDAQ: PWRD) in the space as he believes that video game industry is all about China. Perfect World dropped 0.26% today.
Pete Najarian prefers Game Stop (NYSE: GME) but only as a short-term trade. Game Stop (GME) gained 0.50% and closed at $24.09, it had a volume of $4.09M.
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