Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Electronic Arts, Inc. shares valued at $217,080 were sold by Schatz Jacob J. on Oct 15 ’24. At $144.72 per share, Schatz Jacob J. sold 1,500 shares. The insider’s holdings dropped to 24,860 shares worth approximately $3.58 million following the completion of this transaction.
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Also, Singh Vijayanthimala sold 1,000 shares, netting a total of over 143,240 in proceeds. Following the sale of shares at $143.24 each, the insider now holds 29,190 shares.
Before that, Wilson Andrew had sold 2,500 shares from its account. In a trade valued at $353,740, the Chairman & CEO traded Electronic Arts, Inc. shares for $141.50 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $7.82 million.
As published in a research note from Goldman on July 31, 2024, Electronic Arts, Inc. [EA] has been retained to a Neutral and the price target has been revised to $150. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid July. As of July 15, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for EA.
Analyzing EA Stock Performance
During the last five days, there has been a surge of approximately 1.57%. Over the course of the year, Electronic Arts, Inc. shares have jumped approximately 5.40%. Shares of the company reached a 52-week high of $153.51 on 07/31/24 and a 52-week low of $124.92 on 05/09/24. A 50-day SMA is recorded $145.12, while a 200-day SMA reached $138.40. Nevertheless, trading volume fell to 1.1 million shares from 1.28 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 143.21, which, if violated, would cause prices to drop to 142.22. In the upper region, resistance lies at 145.76. The next price resistance is at 147.31. RSI (Relative Strength Index) is 51.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.84, which suggests the price will increase in the coming days. Percent R is at 45.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
