Thursday, February 08, 2018 10:15 PM ET
Insider Sale at Electronic Arts (EA) Continues Selling Trend
There was a notable insider sale of Electronic Arts shares today, as indicated in a filing with the SEC as — Blake J Jorgensen, Officer — sold 10,500 shares in the company having a market value of approximately $1,248,419 There have been 7 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 76,908 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 87,408 shares and have averaged 10,926 shares per transaction over this time period.
The number of insider buy/sell trades at Electronic Arts is above that of the 33 peer company average over the last 90-day period. The Application Software peer group saw 86 buy/sell trades during this period for an average of 2.6 transactions per company. However, the number of shares traded per transaction by Electronic Arts insiders is lower than its peers. Within the peer group there were 1,125 shares purchased and 1,824,927 shares sold with company insiders having sold 21,207 shares on average over this time period.
In order to focus on significant insider buying and selling activity, 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 has been eliminated data used to evaluate and write this story.
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