Electronic Arts (EA) has been under a strong bear grip, hence the stock is down -0.46% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.17% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.61% in the last 1 week, and is up 2.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Electronic Arts (NASDAQ:EA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.94 and $78.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.84, notching a gain of 2.06% for the day. The total traded volume was 4,293,955 . The stock had closed at $78.23 on the previous day.
The stock has recorded a 20-day Moving Average of 3.23% and the 50-Day Moving Average is 4.87%. Electronic Arts Inc. is up 24.87% in the last 3-month period. Year-to-Date the stock performance stands at 16.18%.
Electronic Arts (EA) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $105 and the lowest price target forecast is $64. The average forecast of all the analysts is $84.9 and the expected standard deviation is $8.76.
Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Companys brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled and Plants v. Zombies, as well as brands based on licensed intellectual property such as FIFA, Madden NFL and Star Wars. The Company is organized around three divisions: EA Studios, Maxis and EA Mobile. The EA Studios division develops games and related content and services across a range of game categories, including the FIFA, Madden NFL, Need for Speed, Battlefield, Mass Effect and Dragon Age. The Maxis division creates games, and related content and services that engage player creativity. The EA Mobile division focuses on developing and publishing interactive games for mobile phones and tablets.