Activision Blizzard, Inc.'s (NASDAQ:ATVI) Institutional Shareholders Should Provide Some Stability Amid Harassment Allegations

More controversy emerged at Activision Blizzard, Inc. (NASDAQ:ATVI) yesterday when hundreds of employees announced a company-wide walkout today. The walkout is in reaction to the company’s response to a sexual harassment lawsuit. The company’s CEO, Bobby Kotick, has already apologized for what he described as a ‘tone deaf’ response, and promised to make changes. Yesterday the share price fell more than 6%, though it has recovered some of those losses today.