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Electronic Arts (EA) Surges: Stock Moves 5.8% 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 6% 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 $116.68 to $124.93 in the past one-month time frame.

The move came after the company reported better-than-expected fourth-quarter fiscal 2018 results.

The company's Zacks Consensus Estimate for the current quarter has moved higher over the past few weeks, suggesting that more solid trading could be ahead for Electronic Arts. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

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 Glu Mobile Inc. (GLUU - Free Report) , holding 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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