Earlier in the week
Following such news, Activision’s share price has dropped nearly seven per cent. Last night the company’s share price closed at $13.01 in New York, the lowest it has been since Februrary 2011.
Despite the drop, Activision announced a third-quarter profit of $148 million. With the release of Modern Warfare 3 this past Tuesday, I don’t think anyone should be worrying about Activision’s financial stability just yet.