Electronic Arts Inc. (NASDAQ: EA) shares fell on Thursday February 2 on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock and reiterated thier respective ratings.
Meanwhile, The Dow Jones Industrial Average DJIA, -0.10% fell 34 points, or 0.2%, to 19,858. The S&P 500 SPX, -0.11% lost 4 points to 2,276, a drop of 0.2%. The Nasdaq Composite Index COMP, -0.05% slid 16 points, or 0.3%, to 5,626. Among the most actively traded Nasdaq stocks was Facebook Inc FB, +0.31% which fell 0.7% a day after it reported its quarterly results.
Electronic Arts Inc. (NASDAQ: EA) had its Outperform rating reiterated by equities researchers at Oppenheimer Holdings, Inc. in a research note to investors. Oppenheimer Holdings, Inc. currently has a rating of Outperform on the shares. The one-year price target of $94.38 is above the opening price of $82.68, that has caused a number of other analysts to issue statements on the company in recent days. Looking back over the last year, Electronic Arts Inc. stock has a high of $86.07. Stock prices often shift to the upside on recommendations and new price targets of professional analysts.
Shares of Electronic Arts Inc. (NASDAQ: EA) opened at $82.68 yesterday and traded in a range between, $81.52 and $82.85, and last traded at $81.72, a decrease of $1.28 compared to the previous closing price.
Electronic Arts Inc. (NASDAQ: EA) now has a market cap of 24.66B.
Electronic Arts Inc. (NASDAQ: EA) Average Daily Trading Volume
The stock’s average daily volume is 3,099,330 shares out of a total float 299,957,000 and some 605,914 shares traded hands yesterday, 16 percent lower than the norm. lower than normal. Look for trading volume to pick up in the coming days as swing traders often use upticks in trading volume to identify heavy volume accumulation or distribution by institutional investors.
As with all potential breakouts, investors look for volume to be at least 40%-50% higher than normal on the breakout to show that fund managers and other professional investors are jumping in.
Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors have teams of analysts that investigate thousands of stocks, so it is good confirmation to see them taking a postion in a stock you’re considering.
Electronic Arts Inc. (NASDAQ: EA) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.
Trades for Electronic Arts Inc. (NASDAQ: EA) have ranged from $53.01 – 86.07, and the stock now has a 50-day MA of $80.42 and 200-day MA of $80.46. Today’s last price is 5.05%% under the 52 week high of $86.07.
Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors look for companies that have grown their earnings by at least 25% over 3 consecutive years.
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