Electronic Arts, Inc.’s filing revealed that its Chief Operating Officer Miele Laura unloaded Company’s shares for reported $0.27 million on Apr 01 ’24. In the deal valued at $132.82 per share,2,000 shares were sold. As a result of this transaction, Miele Laura now holds 34,772 shares worth roughly $4.54 million.
Then, Singh Vijayanthimala sold 800 shares, generating $106,256 in total proceeds. Upon selling the shares at $132.82, the Chief People Officer now owns 27,083 shares.
Before that, Wilson Andrew sold 2,500 shares. Electronic Arts, Inc. shares valued at $326,642 were divested by the CEO and Board Chair at a price of $130.66 per share. As a result of the transaction, Wilson Andrew now holds 25,930 shares, worth roughly $3.39 million.
Stifel reiterated its Electronic Arts, Inc. [EA] rating to a Buy in a research note published on January 18, 2024; the price target was $155. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. Wolfe Research began covering EA with “Peer perform” recommendation on December 12, 2023. BofA Securities revised its rating on October 10, 2023. It rated EA as “a Buy” which previously was an “a Neutral”.
Price Performance Review of EA
On Tuesday, Electronic Arts, Inc. [NASDAQ:EA] saw its stock jump 0.53% to $130.69. Over the last five days, the stock has lost -1.10%. Electronic Arts, Inc. shares have fallen nearly -4.47% since the year began. Nevertheless, the stocks have risen 4.42% over the past one year. While a 52-week high of $144.53 was reached on 02/15/24, a 52-week low of $117.47 was recorded on 04/05/24. SMA at 50 days reached $136.36, while 200 days put it at $131.60. A total of 1.97 million shares were traded, compared to the trading of 2.29 million shares in the previous session.
Levels Of Support And Resistance For EA Stock
The 24-hour chart illustrates a support level at 129.93, which if violated will result in even more drops to 129.16. On the upside, there is a resistance level at 131.55. A further resistance level may holdings at 132.40. The Relative Strength Index (RSI) on the 14-day chart is 39.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.41%. Stochastics %K at 25.74% indicates the stock is a holding.
How much short interest is there in Electronic Arts, Inc.?
A steep rise in short interest was recorded in Electronic Arts, Inc. stocks on Mar 28, 2024, growing by 2.66 million shares to a total of 7.8 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 5.14 million shares. There was a rise of 34.1%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.92% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.12.
