EA has been climbing steadily. Big drop against the market today on no news that I can find. Any ideas?
Could be a lot of things. Stops under 15, weak holiday lineup for EA, weak gaming outlook, Xmas sales overall (not just gaming) down 11%, profit taking, etc.
Probably poor holiday sales if you want a fundamental reason.
Actually it looks like games are taking heat in congress today for the CT shooting.
I can't figure it out either. Maybe someone knows something we don't yet. I don't personally think it's related to the new SW expansion. But maybe there are more layoffs coming?
Got a downgrade and congress is about to slam gamers for violence..... trade on psychology