Are These Top Gaming Stocks On Your August Wkatchlist?
There are many gaming stocks that have been on the rise. The coronavirus pandemic shocked the world so it is no surprise that many people are staying inside. This means that many more people are playing video games at the moment. Video games have been a growing industry for a long time. But now that growing industry has received a boost from the pandemic situation.
With people stuck indoors they have time to play video games and purchase more video games. People are also buying equipment that is used while playing these games. This suggests that there are many top gaming stocks on the rise. Well, it is true that there is some gaming stocks on the rise. That doesn’t mean that all gaming stocks are performing well but some are.
It is unsure what will happen to gaming stocks when the world reopens again. They will not necessarily go down because gaming has always been a growing industry. It is the same story with e-commerce stocks. Both are growing industries and would have potentially risen to new heights anyways. With that being said let’s have a look at two gaming stocks that are trending in the market.
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Top Video Game Stocks To Buy [Or Avoid] In August: Activision Blizzard
The first gaming stock we will discuss is Activision Blizzard Inc. (ATVI Stock Report). Activision Blizzard was formed in 2008 when Activision Inc. and Vivendi Games merged into one company. ATVI stock is public via the S&P 500. Activision Blizzard operates and owns many other independent gaming studios as well. Some of these include Blizzard Entertainment, King, Treyarch, Infinity Ward, and more. These studios put out games such as Call of Duty, World of Warcraft, Overwatch, and lots more.
ATVI stock has soared due to the coronavirus pandemic. Before the whole pandemic began ATVI stock was at $63 a share on average. When the market crashed ATVI stock price fell to $52 a share on average. Compared to other sectors, this fall in ATVI stock was not nearly as bad. As of July 29th, ATVI stock price has reached $80 a share. This is an increase of more than 26.98% for ATVI stock. If the gaming craze in the world continues ATVI stock price has the potential to rise even higher.
ATVI stock is very close to its high of $83 at the moment. This means that ATVI stock price could reach a new record high if it increases by just $3. That is what makes ATVI stock a gaming stock to watch. Investors who got in on ATVI stock early were able to make a profit. Now you know if ATVI stock should potentially be on your list of gaming stocks to buy.
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Top Video Game Stocks To Buy [Or Avoid] In August: Electronic Arts
The next gaming stock to watch is Electronic Arts (EA Stock Report) due to its recent momentum in the market. EA was founded in 1982 and is one of the largest gaming publishers to date. In fact EA is the largest gaming company in the US and Europe by revenue and market cap. The only company in from of them is Activision Blizzard who we discussed before. EA was founded by a former Apple employee named Trip Hawkins. The company produces games such as Battlefield, The Sims, EA Sports titles, Titanfall, Star Wars, Need For Speed, and many others as well.
Before the pandemic began EA stock price was around $108 a share on average. Then EA stock fell to around $86 a share when the market crashed. Since then, EA stock has been on the rise. As of July 29th EA stock price is at $135 a share on average. This means EA stock has passed its price from before the pandemic started. From its pre pandemic price to July 29th EA stock rose 25% in total. This is why EA stock is a gaming stock to watch in the volatile market.
What Now
It is clear that gaming stocks have a lot of potential in the market. EA stock and ATVI stock are great examples of gaming stocks to watch. This is because of the rise in gamers in the last 10 years that is only growing stronger. This is especially true in these times where we are literally stuck in our houses with not much else to do. There are many potential gaming stocks to buy but these two are trending the most at the moment.
