Electronic Arts (EA) Offering Possible 29.2% Return Over the Next 21 Calendar Days

Electronic Arts's most recent trend suggests a bullish bias. One trading opportunity on Electronic Arts is a Bull Put Spread using a strike $129.00 short put and a strike $124.00 long put offers a potential 29.2% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $129.00 by expiration. The full premium credit of $1.13 would be kept by the premium seller. The risk of $3.87 would be incurred if the stock dropped below the $124.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Electronic Arts is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Electronic Arts is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Electronic Arts

Edited Transcript of EA.OQ earnings conference call or presentation 5-May-20 9:00pm GMT
Thu, 25 Jun 2020 00:07:01 +0000
Q4 2020 Electronic Arts Inc Earnings Call

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Wed, 24 Jun 2020 16:06:47 +0000
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Electronic Arts CEO Wants More Star Wars Games With Disney
Wed, 24 Jun 2020 12:37:17 +0000
Electronic Arts (EA) executives spoke with investors yesterday in a ‘fireside chat’, stating that the company plans to “double down” on Star Wars after the huge success of four previous Star Wars games. The Star Wars franchise is owned by Disney (DIS).“Up is my hope. Up and to the right,” EA CEO Andrew Wilson said regarding the video game company’s aspirations for a lucrative future with Disney. Highlighting two of its successful game titles, Star Wars: Battlefront 1 and 2, he stated, “Those games have combined to sell around 35 million copies.” Wilson added that EA’s mobile game, Star Wars: Galaxy of Heroes continues to reap "extraordinary" success. Additionally, 10 million sold copies of Star Wars Jedi: Fallen Order stand out as another achievement.EA recently debuted a trailer for its next game title, “Star Wars Squadrons” which is targeted at a smaller subset of the gamer market. Wilson was optimistic, "We've had success in first-person shooters, in RPGs, in action adventure, in MMORPGs, in mobile, and I believe we're going to have success with Squadrons as well.” He added, “We're going to double down on that partnership. Disney continues to be very, very committed to the IP and to the canon.”The Street was responsive with Baird analyst, Colin Sebastian raising the price on EA to $150 from $130 yesterday while keeping a Buy rating with an upside potential of 15%. In his research note, he stated EA’s “growing” franchise with a “solid” pipeline of fresh content, along with its games-as-a service model. He increased estimate expectations for Q1 and fiscal 2021 above what the consensus anticipates.EA CFO Blake Jorgensen said the company has no plans to communicate its sales projection on Star Wars Squadron but that the company is on track to exceed expectations in fiscal Q1.MKM Partners analyst Eric Handler also expects Q1 to be “much stronger” than EA’s prior performance projection, he noted on June 23. He raised the price target on EA to $144 from $130 while also maintaining a Buy rating price, indicating upside potential of 10%.EA’s stock is up 21% year-to-date with 16 analysts assigning a Buy rating, 7 Hold, and no Sell ratings which altogether results in a consensus of a Moderate Buy on TipRanks. The average analyst price target stands at $132 (1% upside potential). (See EA's stock analysis on TipRanks)Related News: Disney’s Long Road to Recovery Moves This Analyst on the Sidelines NBA In Talks With Disney To Reopen Season At Disney World In July Dan Loeb Snaps Up 1.4M Disney Shares; Says Goodbye to Campbell Soup More recent articles from Smarter Analyst: * Microsoft Acquires CyberX to Boost Azure’s IoT Security * Slack Seeks To Replace E-mail With Launch Of Virtual Business Platform  * Uber: GrubHub Got Away, But There Are Other Opportunities to Consider * Lookout Walmart, Amazon Is Coming for Your Grocery Customers, Says Analyst

Electronic Arts and LaLiga Announce 10-year Partnership Renewal
Wed, 24 Jun 2020 12:00:00 +0000
Today, Electronic Arts (NASDAQ: EA) and LaLiga announced a long-term partnership that will continue to offer unrivaled authenticity to EA SPORTS™ FIFA players for the next 10 years. Under the partnership renewal, EA SPORTS will remain the exclusive Official Video Games Partner of LaLiga while the two organizations will expand their efforts to create world-leading football entertainment. This includes a joint commitment to grow fandom and esports participation through LaLiga’s official esports competition, eLaLiga Santander.

EA Stock Is Rising as Videogame Sales Boom Amid the Coronavirus Pandemic
Tue, 23 Jun 2020 17:23:00 +0000
Electronic Arts said results for its fiscal first quarter ending June were on pace to clock in much better than the company originally forecast. EA signaled an uptick in sales as Americans continued to shift spending indoors.

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