JPMorgan downgrades Activision Blizzard after report that CEO mishandled sexual misconduct claims

Activision Blizzard CEO Bobby Kotick speaks at the CNBC Evolve Conference in Los Angeles on Nov. 19, 2019.
Jesse Grant | CNBC

Investors should stay away from Activision Blizzard while the company deals with an ongoing controversy surrounding reports and allegations about its CEO, according to JPMorgan.