Electronic Arts (EA) has risen sharply, recording gains of 4.44% in the past 4 weeks. However, the stock has corrected -0.55% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.07% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 2.7% and the 50-Day Moving Average is 4.76%.
Electronic Arts (NASDAQ:EA): The stock opened at $78.44 on Friday but the bulls could not build on the opening and the stock topped out at $78.73 for the day. The stock traded down to $77.60 during the day, due to lack of any buying support eventually closed down at $77.83 with a loss of -0.28% for the day. The stock had closed at $78.05 on the previous day. The total traded volume was 2,702,543 shares.
The company Insiders own 3.46% of Electronic Arts shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 5.84% . During last six month period, the net percent change held by insiders has seen a change of 3.4%. In a related news,The officer (EVP, Chief Talent Officer) of Electronic Arts Inc., Toledano Gabrielle B sold 15,000 shares at $78.55 on July 13, 2016. The Insider selling transaction had a total value worth of $1,178,250. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.