After Hitting Support, Activision Blizzard Receives A 'Hold' Rating From Vetr

The Vetr crowd on Thursday downgraded its rating on Activision Blizzard, Inc ATVI from the stock's previous rating of 3.5 stars (Buy), issued two days ago, to 3 stars (Hold). Crowd sentiment at the time of the downgrade was generally positive, with 63 percent of Vetr user ratings bullish.

After trading down to a month-low of $61.76 at the start of the week, Activision Blizzard has resumed an upward trend toward new highs. Prior to the dip, Activision Blizzard spent the majority of September slipping from an all-time high of $66.16 set at the start of the month's second week.

Activision Blizzard finished the Sept. 28 trading session up on the day at $63.54.

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Currently, the Vetr crowd's average price target on Activision Blizzard is up at 64.25, which is well above the average analyst price target of $49. Less than 2 percent of Vetr users are holding ATVI in their watch-lists.