Thursday, November 09, 2017 10:15 PM ET
Electronic Arts (EA) sees Significant Insider Selling Continuing
There was a notable insider sale of Electronic Arts shares today, as indicated in a filing with the SEC as — Blake J Jorgensen, Officer — disposed of 10,000 shares in the company having a market value of approximately $1,119,417 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 disposition of 223,846 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 233,846 shares and have averaged 23,385 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Electronic Arts is above the 31-company peer group average. Application Software peer group saw 96 buy/sell trades during this period for an average of 3.1 transactions per company. The number of shares per buy/sell trade for Electronic Arts insiders was also higher. Within the peer group there were 3,424 shares purchased and 1,899,173 shares sold with company insiders selling 19,747 shares on average.
The data sourced in evaluating 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.
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