Activision Blizzard fell nearly 1 percent in after-hours trading today as the company filed a regulatory announcement saying that it plans to fire Spencer Neumann, the company’s chief financial officer. Activision Blizzard, the parent company whose divisions make the popular Overwatch and Call of Duty video games, did not specify the reason for the expected firing.
Such moves are rare, but they tend to affect stock prices, as any change in a company’s financial leadership is often cause for concern among investors.
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