Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Electronic Arts, Inc. shares valued at $326,642 were sold by Wilson Andrew on Mar 25 ’24. At $130.66 per share, Wilson Andrew sold 2,500 shares. The insider’s holdings dropped to 25,930 shares worth approximately $3.42 million following the completion of this transaction.
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Also, Schatz Jacob J. sold 1,000 shares, netting a total of over 134,450 in proceeds. Following the sale of shares at $134.45 each, the insider now holds 19,426 shares.
Before that, Miele Laura had sold 2,000 shares from its account. In a trade valued at $278,160, the Chief Operating Officer traded Electronic Arts, Inc. shares for $139.08 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $4.85 million.
As published in a research note from Stifel on January 18, 2024, Electronic Arts, Inc. [EA] has been retained to a Buy and the price target has been revised to $155. Analysts at BMO Capital Markets started covering the stock with ‘”an Outperform”‘ outlook in a report released in early January. As of December 12, 2023, Wolfe Research has initiated its “Peer perform” rating for EA. Earlier on October 10, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for EA stock which previously was a “a Neutral”.
Analyzing EA Stock Performance
During the last five days, there has been a drop of approximately -0.34%. Over the course of the year, Electronic Arts, Inc. shares have dropped approximately -3.61%. Shares of the company reached a 52-week high of $144.53 on 02/15/24 and a 52-week low of $129.38 on 03/25/24. A 50-day SMA is recorded $137.44, while a 200-day SMA reached $131.42. Nevertheless, trading volume fell to 1.8 million shares from 2.27 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 130.96, which, if violated, would cause prices to drop to 130.06. In the upper region, resistance lies at 132.52. The next price resistance is at 133.18. RSI (Relative Strength Index) is 37.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.43, which suggests the price will decrease in the coming days. Percent R is at 71.33%, 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 rise in short interest on Mar 15, 2024 jumping by 2.57 million shares to 6.95 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.38 million shares. A jump of 36.98% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.96 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.96.
