Electronic Arts (EA) in Focus: Stock Gains 13.7% in Session
Electronic Arts Inc. EA was a big mover last session as the company saw its shares rise roughly 14% on the day. Shares moved up after the company announced encouraging fourth quarter fiscal 2016 results. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $61.85 to $66.84 in the past one-month time frame.
None of the estimates for this Toys/ Game/Hobby industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Electronic Arts has a Zacks Rank #3 (Hold).
However, a better-ranked stock in the same space is Hasbro Inc. HAS, sporting a Zacks Rank #1 (Strong Buy).
Is EA going up? Or down? Predict to see what others think: Up or Down
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