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

Electronic Arts (EA) : The total money flow in Electronic Arts (EA) was negative ($1.4 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $11.68 million. In comparison, the inflow of money into the stock on upticks was $10.28 million. The uptick to downtick ratio was 0.88. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $1.52 million. The value of transactions on uptick was $1.39 million. The negative money flow of ($0.13 million) confirms the selling in Electronic Arts (EA) on strength. The uptick to downtick ratio of block trades was 0.91. Electronic Arts (EA) gained $0.22 at $81.73, a gain of 0.27% over the previous days close. However, the stock registered 0.64% in the week.


Also, In a research note released to the investors, Barclays maintains its rating on Electronic Arts (NASDAQ:EA).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $82 per share to $88 per share. The rating by the firm was issued on August 3, 2016.

Electronic Arts Inc. has dropped 0.7% in the last five trading days, however, the shares have posted positive gains of 6.66% in the last 4 weeks. Electronic Arts Inc. is up 6.67% in the last 3-month period. Year-to-Date the stock performance stands at 18.93%.

Electronic Arts (NASDAQ:EA): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.40 and $81.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.73, notching a gain of 0.27% for the day. The total traded volume was 1,711,473 . The stock had closed at $81.51 on the previous day.

In a related news,The officer (EVP Worldwide Business Affairs) of Electronic Arts Inc., Linzner Joel sold 20,000 shares at $80 on August 18, 2016. The Insider selling transaction had a total value worth of $1,600,000. 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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