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Electronic Arts (EA) Surges: Stock Moves 7% Higher

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Electronic Arts Inc. (EA - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $107.19 to $118.70 in the past one-month time frame.

The move came after the company reported solid third-quarter fiscal 2018 results.

The company has seen five negative estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved lower over the said time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Electronic Arts currently has a Zacks Rank #4 (Sell), while its Earnings ESP is positive.

A better-ranked stock in the Toys - Games - Hobbies industry is Nintendo Co., Ltd. (NTDOY - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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