Large Outflow of Money Witnessed in Electronic Arts

Shares of Electronic Arts (NASDAQ:EA) advanced to $75.31. The price had gained 0.04% or 0.03 points intraday. The latest trading session witnessed $4 million in upticks and $6.1 million in downticks, resulting in net money flow of (-2.11) million. The up/down ratio for the day stood at 0.65. On a weekly scale, the price has seen a change of -1.38%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-2.33) million occurred during the day. $0 million in uptick and $2.33 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.


Currently the company Insiders own 4.3% 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 30.56% . During last six month period, the net percent change held by insiders has seen a change of 11.21%. On the companys insider trading activities,The officer (EVP Worldwide Business Affairs) of Electronic Arts Inc., Linzner Joel sold 4,000 shares at $76.6 on June 8, 2016. The Insider selling transaction had a total value worth of $306,400. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Electronic Arts (NASDAQ:EA) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.04 points or 1.38% at $74.24 with 3,689,236 shares getting traded. Post opening the session at $74.89, the shares hit an intraday low of $73.8 and an intraday high of $75.43 and the price was in this range throughout the day. The company has a market cap of $22,391 million and the number of outstanding shares have been calculated to be 301,609,580 shares. The 52-week high of Electronic Arts (NASDAQ:EA) is $78.09 and the 52-week low is $53.01.

Many analysts have stated their opinion on the company shares. 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 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.