Electronic Arts (EA) : Traders are bullish on Electronic Arts (EA) as it has outperformed the S&P 500 by a wide margin of 6.7% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.63%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.59% in the last 1 week, and is up 7.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Electronic Arts Inc. is up 11.83% in the last 3-month period. Year-to-Date the stock performance stands at 18.98%. The stock has recorded a 20-day Moving Average of 4.85% and the 50-Day Moving Average is 6.61%.
Electronic Arts (NASDAQ:EA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.95 and $80.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.76, notching a gain of 0.96% for the day. The total traded volume was 3,238,734 . The stock had closed at $80.98 on the previous day.
Also, Brokerage firm Barclays maintains its rating on Electronic Arts (NASDAQ:EA). As per the latest information, the brokerage house raises the price target to $88 per share from a prior target of $82. The shares have been rated Overweight. The rating by the firm was issued on August 3, 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.