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Electronic Arts, Inc (EA) may enjoy gains as insiders got busy in the recent days

In a filing, Electronic Arts, Inc revealed its Chief People Officer Singh Vijayanthimala unloaded Company’s shares for reported $0.15 million on Nov 01 ’24. In the deal valued at $150.83 per share,1,000 shares were sold. As a result of this transaction, Singh Vijayanthimala now holds 28,190 shares worth roughly $4.38 million.

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Then, Wilson Andrew sold 2,500 shares, generating $364,663 in total proceeds. Upon selling the shares at $145.87, the Chairman & CEO now owns 51,747 shares.

Before that, Schatz Jacob J. sold 1,500 shares. Electronic Arts, Inc shares valued at $217,080 were divested by the EVP, Global Affairs and CLO at a price of $144.72 per share. As a result of the transaction, Schatz Jacob J. now holds 24,860 shares, worth roughly $3.87 million.

DZ Bank upgraded its Electronic Arts, Inc [EA] rating to a Buy from a a Hold in a research note published on October 31, 2024; the price target was increased to $177 from $135. A number of analysts have revised their coverage, including Goldman’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Neutral”‘ rating for it. Oppenheimer also remained covering EA and reiterated its “an Outperform” recommendation on July 16, 2024. Citigroup revised its rating on July 15, 2024. It rated EA as “a Neutral” which previously was an “a Buy”.

Price Performance Review of EA

On Tuesday, Electronic Arts, Inc [NASDAQ:EA] saw its stock jump 1.71% to $155.50. Over the last five days, the stock has gained 6.78%. Electronic Arts, Inc shares have risen nearly 13.66% since the year began. Nevertheless, the stocks have risen 19.99% over the past one year. While a 52-week high of $153.51 was reached on 11/05/24, a 52-week low of $124.92 was recorded on 05/09/24. SMA at 50 days reached $145.12, while 200 days put it at $139.10.

Levels Of Support And Resistance For EA Stock

The 24-hour chart illustrates a support level at 153.04, which if violated will result in even more drops to 150.59. On the upside, there is a resistance level at 156.75. A further resistance level may holdings at 158.01. The Relative Strength Index (RSI) on the 14-day chart is 75.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.39%. Stochastics %K at 95.16% indicates the stock is a selling.

How much short interest is there in Electronic Arts, Inc?

A steep rise in short interest was recorded in Electronic Arts, Inc stocks on 2024-10-15, dropping by -0.28 million shares to a total of 6.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.64 million shares. There was a decline of -4.43%, which implies that there is a negative sentiment for the stock.

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