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Examining the Potential Price Growth of Electronic Arts, Inc. (EA)

Electronic Arts, Inc.’s recent filing unveils that its EVP, Global Affairs and CLO Schatz Jacob J. unloaded Company’s shares for reported $0.22 million on Oct 15 ’24. In the deal valued at $144.72 per share,1,500 shares were sold. As a result of this transaction, Schatz Jacob J. now holds 24,860 shares worth roughly $3.62 million.

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Then, Singh Vijayanthimala sold 1,000 shares, generating $143,240 in total proceeds. Upon selling the shares at $143.24, the Chief People Officer now owns 29,190 shares.

Before that, Wilson Andrew sold 2,500 shares. Electronic Arts, Inc. shares valued at $353,740 were divested by the Chairman & CEO at a price of $141.50 per share. As a result of the transaction, Wilson Andrew now holds 54,247 shares, worth roughly $7.9 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 Tuesday, Electronic Arts, Inc. [NASDAQ:EA] saw its stock jump 0.01% to $145.72. Over the last five days, the stock has lost -0.48%. Electronic Arts, Inc. shares have risen nearly 6.51% since the year began. Nevertheless, the stocks have risen 14.34% 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 $145.04, while 200 days put it at $138.55.

Levels Of Support And Resistance For EA Stock

The 24-hour chart illustrates a support level at 144.70, which if violated will result in even more drops to 143.67. On the upside, there is a resistance level at 146.61. A further resistance level may holdings at 147.49. The Relative Strength Index (RSI) on the 14-day chart is 55.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.58%. Stochastics %K at 69.81% 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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