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The Potential Rise in the Price of Electronic Arts, Inc (EA) following insiders activity

Electronic Arts, Inc’s recent filing unveils that its President of EA Entertainment Miele Laura unloaded Company’s shares for reported $0.4 million on Nov 06 ’24. In the deal valued at $158.03 per share,2,500 shares were sold. As a result of this transaction, Miele Laura now holds 50,433 shares worth roughly $8.21 million.

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Then, LAURA MIELE bought 7,500 shares, generating $1,166,250 in total proceeds.

Before that, Singh Vijayanthimala sold 1,000 shares. Electronic Arts, Inc shares valued at $150,830 were divested by the Chief People Officer at a price of $150.83 per share. As a result of the transaction, Singh Vijayanthimala now holds 28,190 shares, worth roughly $4.59 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 2.18% to $162.87. Over the last five days, the stock has gained 4.74%. Electronic Arts, Inc shares have risen nearly 19.05% since the year began. Nevertheless, the stocks have risen 22.66% over the past one year. While a 52-week high of $160.31 was reached on 11/12/24, a 52-week low of $124.92 was recorded on 05/09/24. SMA at 50 days reached $146.15, while 200 days put it at $139.62.

Levels Of Support And Resistance For EA Stock

The 24-hour chart illustrates a support level at 159.86, which if violated will result in even more drops to 156.84. On the upside, there is a resistance level at 164.44. A further resistance level may holdings at 166.01. The Relative Strength Index (RSI) on the 14-day chart is 78.76, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.66%. Stochastics %K at 93.32% 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 2024-10-31, growing by 0.48 million shares to a total of 6.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.01 million shares. There was a rise of 7.46%, which implies that there is a positive sentiment for the stock.

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