Latest in Gaming

Image credit:

Three EA execs unload stocks as publisher hits five-year high

Mike Suszek, @mikesuszek
May 12, 2014
Share
Tweet
Share

Sponsored Links

Two senior members of Electronic Arts sold off the entirety of their shares in the publisher late last week when the company hit the highest share price it's seen in well over five years. SEC filings revealed that Patrick Soderlund, executive vice president of EA Games and EA senior vice president and General Counsel Stephen Bene dumped their stocks after the company's shares traded at roughly $34.53 and $33.40, respectively. Soderlund unloaded 36,133 shares, while Bene sold 7,771.

EA's shares opened at $35.31 today, the highest price per share the company has traded at since September 2008. Another high-ranking executive at EA disposed of stocks as well: Chief Operating Officer Peter Moore sold nearly half (100,000) of the shares he owned at $34.53 as well. This follows EA's fiscal 2014 earnings report last week, in which it revealed a 5.79 percent decrease in net revenue year over year ($3.58 billion).
[Image: Electronic Arts]



All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Engadget's 2020 Back-to-School Guide

Engadget's 2020 Back-to-School Guide

View
Space Force official logo and motto unveiled

Space Force official logo and motto unveiled

View
Spider-Man is coming to the PlayStation version of 'Marvel's Avengers'

Spider-Man is coming to the PlayStation version of 'Marvel's Avengers'

View
The Marvel's Avengers beta hits PS4 first on August 7th

The Marvel's Avengers beta hits PS4 first on August 7th

View
Twitter’s new API for third-party apps is now live

Twitter’s new API for third-party apps is now live

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr