Shares of Electronic Arts (EA) Sees Large Outflow of Money

Electronic Arts (EA) : The total money flow in Electronic Arts (EA) was negative ($19.69 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $78.68 million. Transactions on upticks were comparatively lower at $59 million. The uptick to downtick ratio was 0.75. The total block trades done on upticks were valued at $6.14 million. The total block trades on downticks were valued at $21.96 million. The uptick to the downtick ratio of block trades was 0.28. The money flow during block trades was negative ($15.82 million) when the stock traded with a gain of $20 cent. Electronic Arts (EA) was $76.7, an increase of 0.26% over the previous days close.


Also, BMO Capital initiates coverage on Electronic Arts (NASDAQ:EA) The current rating of the shares is Market Perform. The rating by the firm was issued on April 27, 2016.

Electronic Arts (NASDAQ:EA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.22 and $76.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.70, notching a gain of 0.26% for the day. The total traded volume was 5,481,991 . The stock had closed at $76.50 on the previous day.

The stock has recorded a 20-day Moving Average of 0.69% and the 50-Day Moving Average is 2.02%. 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.

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