Electronic Arts Inc. (EA) Files Form 4 Insider Selling : Patrick Soderlund Sells 90,752 Shares

Electronic Arts Inc. (EA): Patrick Soderlund , EVP, EA Studios of Electronic Arts Inc. sold 90,752 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 19, 2016 to the Securities and Exchange Commission. The shares were sold at $74.86 per share for a total value of $6,794,808.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 19, 2016, Laura Miele (EVP Global Publishing) sold 2,072 shares at $74.14 per share price.On May 17, 2016, Jacob J. Schatz (SVP and General Counsel) sold 10,000 shares at $74.90 per share price.Also, On May 16, 2016, Denise Warren (director) sold 2,500 shares at $74.85 per share price.On May 16, 2016, Samantha S. Smith (SVP, EA Mobile and Maxis) sold 4,029 shares at $75.57 per share price.

Shares of Electronic Arts (EA) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.99 points or -1.33% at $73.5 with 32,36,662 shares getting traded. Post opening the session at $74.22, the shares hit an intraday low of $72.94 and an intraday high of $74.22 and the price vacillated in this range throughout the day. The company has a market cap of $22,734 M and the number of outstanding shares has been calculated to be 30,93,09,470 shares. The 52-week high of Electronic Arts is $77.15 and the 52-week low is $53.01.

Electronic Arts Money Flow Index Chart

Company has been under the radar of several Street Analysts.Electronic Arts is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 82 from a previous price target of $81 .The Rating was issued on May 12, 2016.Electronic Arts is Reiterated by The Benchmark Company to Buy and the brokerage firm has raised the Price Target to $ 82.64 from a previous price target of $81.48 .The Rating was issued on May 11, 2016.

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 Company’s 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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