Friday, September 01, 2017 10:15 PM ET
Significant Insider Selling Continues at Electronic Arts (EA)
There was a significant sale of shares of Electronic Arts by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Lawrence F Probst, Director — sold 55,850 shares in the company having a market value of approximately $6,767,760. There have been 9 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 203,689 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 259,539 shares and have averaged 25,954 shares per transaction over this time period.
The level of buy/sell trading at Electronic Arts is is greater than the 30 peer company average over the last 90-day period. The Application Software peer group saw 95 buy/sell trades during this period for an average of 3.2 transactions per company. The number of shares per buy/sell trade for Electronic Arts insiders was also higher. Within the peer group there were 0 shares purchased and 987,179 shares sold with company insiders disposing of 10,391 shares on average.
The data used in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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