Friday, October 06, 2017 10:15 PM ET
Insider Selling in Electronic Arts (EA) Shares Continues
A SEC filing today indicated a substantial insider sale of Electronic Arts shares as — Blake J Jorgensen, Officer — disposed of 10,000 shares in the company having a market value of approximately $1,184,298. There have been 10 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 231,846 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 241,846 shares and have averaged 21,986 shares per transaction over this time period.
The number of insider buy/sell trades 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 941,908 shares sold with company insiders having sold 8,721 shares on average.
Significant insider buying and selling activity 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 data obtained in creating and writing this story.
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