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Electronic Arts, Inc. (EA) rating reiterates by Goldman

Electronic Arts, Inc.’s recently made public that its Chief People Officer Singh Vijayanthimala unloaded Company’s shares for reported $0.14 million on Oct 01 ’24. In the deal valued at $143.24 per share,1,000 shares were sold. As a result of this transaction, Singh Vijayanthimala now holds 29,190 shares worth roughly $-4.21 million.

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Then, Wilson Andrew sold 2,500 shares, generating $353,740 in total proceeds. Upon selling the shares at $141.50, the Chairman & CEO now owns 54,247 shares.

Before that, Schatz Jacob J. sold 1,500 shares. Electronic Arts, Inc. shares valued at $219,870 were divested by the EVP, Global Affairs and CLO at a price of $146.58 per share. As a result of the transaction, Schatz Jacob J. now holds 26,360 shares, worth roughly $3.8 million.

Goldman reiterated its Electronic Arts, Inc. [EA] rating to a Neutral in a research note published on July 31, 2024; the price target was $150. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in mid July has reiterated a ‘”an Outperform”‘ rating for it. Citigroup also remained covering EA and has decreased its forecast on July 15, 2024 with a “Neutral” recommendation from previously “Buy” rating.

Price Performance Review of EA

On Monday, Electronic Arts, Inc. [NASDAQ:EA] saw its stock jump 0.65% to $144.17. Over the last five days, the stock has gained 0.89%. Electronic Arts, Inc. shares have risen nearly 5.38% since the year began. Nevertheless, the stocks have risen 9.58% over the past one year. While a 52-week high of $153.51 was reached on 07/31/24, a 52-week low of $119.92 was recorded on 05/09/24. SMA at 50 days reached $145.12, while 200 days put it at $138.27.

Levels Of Support And Resistance For EA Stock

The 24-hour chart illustrates a support level at 143.46, which if violated will result in even more drops to 142.74. On the upside, there is a resistance level at 144.67. A further resistance level may holdings at 145.17. The Relative Strength Index (RSI) on the 14-day chart is 52.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.25%. Stochastics %K at 56.20% 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 2024-09-30, dropping by -0.29 million shares to a total of 6.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.3 million shares. There was a decline of -4.82%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on January 18, 2024 when Stifel resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $155.

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