The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Electronic Arts Inc. shares valued at $100,704 were sold by Singh Vijayanthimala on Sep 01. At $125.88 per share, Singh Vijayanthimala sold 800 shares. The insider’s holdings dropped to 26,914 shares worth approximately $3.16 million following the completion of this transaction.
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Also, Miele Laura sold 1,500 shares, netting a total of over 188,820 in proceeds. Following the sale of shares at $125.88 each, the insider now holds 32,200 shares.
Before that, Bruzzo Chris had sold 2,000 shares from its account. In a trade valued at $253,680, the Chief Experience Officer traded Electronic Arts Inc. shares for $126.84 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $2.29 million.
As published in a research note from Atlantic Equities on September 15, 2022, Electronic Arts Inc. [EA] has been rated down from an Overweight to a Neutral and the price target has been revised to $130 from $140. This represents a 9.68% premium over Thursday’s closing price. Analysts at MKM Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early September. As of June 10, 2022, MoffettNathanson has decreased its “Buy” rating to a “Neutral” for EA. Earlier on May 11, 2022, MoffettNathanson upgraded its rating. Their new recommendation was “a Buy” for EA stock which previously was a “a Neutral”.
Analyzing EA’s Price Performance
On Thursday, Electronic Arts Inc. [NASDAQ: EA] plunged -0.06% to $117.42. The stock’s lowest price that day was $116.48, but it reached a high of $118.30 in the same session. During the last five days, there has been a drop of approximately -5.62%. Over the course of the year, Electronic Arts Inc. shares have dropped approximately -10.98%. Shares of the company reached a 52-week high of $142.79 on 06/03/22 and a 52-week low of $109.24 on 05/10/22. A 50-day SMA is recorded $128.15, while a 200-day SMA reached $128.53. Nevertheless, trading volume fell to 1.38 million shares from 1.43 million shares the previous day.
Support And Resistance Levels for Electronic Arts Inc. (EA)
According to the 24-hour chart, there is a support level at 116.50, which, if violated, would cause prices to drop to 115.58. In the upper region, resistance lies at 118.32. The next price resistance is at 119.22. RSI (Relative Strength Index) is 32.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.91, which suggests the price will decrease in the coming days. Percent R is at 93.70%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Electronic Arts Inc. subject to short interest?
Stocks of Electronic Arts Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by 90000.0 shares to 4.46 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.55 million shares. A decline of -2.02% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.99 of the overall float, the days-to-cover ratio (short ratio) decline to 1.99.
Which companies own the most shares of Electronic Arts Inc. (EA)?
According to The Vanguard Group, Inc. filings, the company currently owns 20,869,872 shares, which is about 7.51% of the total EA shares outstanding. The investor’s shares have appreciated by 174,058 from its previous 13-F filing of 20695814.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $2,112,812,671. SSgA Funds Management, Inc. reduced a -6.86% interest valued at $1.67 billion while Wellington Management Co. LLP purchased a 597,833 stake. A total of 415,212 shares of Electronic Arts Inc. were bought by Massachusetts Financial Services during the quarter, and 850,511 were bought by Geode Capital Management LLC. In its current portfolio, Capital Research & Management Co holds 5,042,632 shares valued at $639.76 million.