Wednesday, October 04, 2017 10:15 PM ET
Insiders Make Significant Stock Sales in Electronic Arts (EA) Shares Extending the Trend of Last Quarter
There was substantial level of selling of Electronic Arts shares today, as revealed in filings with the SEC. Four insiders — Bruzzo, Soderlund, Wilson, and Miele — disposed of 20,308 shares in the company having a market value of approximately $2,397,396. There have been 10 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 234,847 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 255,155 shares and have averaged 18,225 shares per transaction over this time period.
Insider buy/sell trading at Electronic Arts is higher than the 31 peer company average over the last 90-day period. The Application Software peer group saw 108 buy/sell trades during this period for an average of 3.5 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 960,082 shares sold with company insiders disposing of 8,890 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating 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 in evaluating and writing this story.
Today’s Insider Activity
* Chris Bruzzo, Officer, sold 1,500 shares
* Patrick Soderlund, Officer, sold 8,000 shares
* Andrew Wilson, Director and Officer, sold 10,058 shares
* Laura Miele, Officer, sold 750 shares
Using proprietary Natural Language Generation (NLG) technology, 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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