Electronic Arts Inc. (EA): Samantha S. Smith , SVP, EA Mobile and Maxis of Electronic Arts Inc. sold 4,029 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $75.57 per share for a total value of $304,490.47 , 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 13, 2016, Patrick Soderlund (EVP, EA Studios) sold 53,278 shares at $73.17 per share price.On May 13, 2016, Joel Linzner (EVP Worldwide Business Affairs) sold 5,000 shares at $73.88 per share price.Also, On May 4, 2016, Andrew Wilson (Chief Executive Officer) sold 8,000 shares at $62.44 per share price.On May 4, 2016, Peter R. Moore (COO, EVP & Chief Comp. Officer) sold 8,000 shares at $62.54 per share price.
Electronic Arts: On Friday, May 13, 2016 heightened volatility was witnessed in Electronic Arts which led to swings in the share price. The shares opened for trading at $74.73 and hit $76.09 on the upside , eventually ending the session at $75.2, with a gain of 0.25% or 0.19 points. The heightened volatility saw the trading volume jump to 41,89,108 shares. The 52-week high of the share price is $76.92 and the company has a market cap of $23,260 M . The 52-week low of the share price is at $53.01.
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 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.