Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Electronic Arts, Inc. shares valued at $256,303 were sold by Miele Laura on May 01 ’24. At $128.15 per share, Miele Laura sold 2,000 shares. The insider’s holdings dropped to 32,772 shares worth approximately $4.1 million following the completion of this transaction.
Also, Singh Vijayanthimala sold 800 shares, netting a total of over 101,312 in proceeds. Following the sale of shares at $126.64 each, the insider now holds 26,283 shares.
Before that, Wilson Andrew had sold 2,500 shares from its account. In a trade valued at $317,980, the CEO and Board Chair traded Electronic Arts, Inc. shares for $127.19 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $2.93 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 -2.29%. Over the course of the year, Electronic Arts, Inc. shares have dropped approximately -8.46%. Shares of the company reached a 52-week high of $144.53 on 02/15/24 and a 52-week low of $125.07 on 05/08/24. A 50-day SMA is recorded $131.42, while a 200-day SMA reached $131.03. Nevertheless, trading volume fell to 4.23 million shares from 3.38 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 123.03, which, if violated, would cause prices to drop to 120.83. In the upper region, resistance lies at 129.48. The next price resistance is at 133.73. RSI (Relative Strength Index) is 36.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.69, which suggests the price will decrease in the coming days. Percent R is at 97.36%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
