Why Activision Blizzard Stock Bounced Higher on Wednesday

Why Activision Blizzard Stock Bounced Higher on Wednesday
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Shares of Activision Blizzard (NASDAQ: ATVI) closed up 2.1% on Wednesday. The video game producer delivered blowout earnings results late Tuesday that buoyed investor confidence. The company also announced new leadership at Blizzard Entertainment, following a lawsuit alleging sexual harassment and discrimination toward female employees.