This might be the dip to buy in to EA. Dipping due to news of a studio closure for one of their Star Wars games (think of EA as the distributor in this case, and the studio was making the game). But the game will still be made, EA is sending it to another studio named EA Worldwide Studios.
I'm bullish but as a gamer I have to say that this micro-transaction crap is way out of hand. Ridiculous.
Currently up over 2% today, earnings tomorrow after the close. EA stock gains after report of Microsoft acquisition interest Source: https://www.marketwatch.com/story/e...29?link=MW_widget_latestnews_stockaholics.net Electronic Arts Inc. EA, +2.23% shares moved higher Monday after a lightly-sourced report that Microsoft Corp. MSFT, +0.06% had considered an acquisition of the videogame publisher. Gaming blog Polygon, in a longer article about Microsoft's difficulties in establishing exclusive games for its Xbox game console, reported that "a reliable source close to Microsoft" said that the name had been bandied about as a possible acquisition target to land some exclusive titles. Other potential targets mentioned in the story included Valve and PUBG, while Microsoft actually announced a gaming acquisition Monday morning, though its was not a game publisher. Microsoft told Kotaku that it "has no plans to purchase Electronic Arts." EA stock gained more than 2% in Monday trading with about an hour to go in the trading session, and has increased 41.2% in the past year as the S&P 500 index SPX, -0.34% has increased 25.2%.
E3 is coming up in two months, there are going to be a few announcements about up and coming games from EA and Bioware. One of the new games being announced is Bioware Edmontons project called Anthem which is slated to be their next big game. If this is well received, EA stock could see a bump in anticipation. Anthem Forums will have the latest news and rumors, so watch that. It will be interesting to see what they do with microtransactions which plagued the Battlefront 2 release, there were so many complaints from the gaming community that EA had to backtrack on the whole progression system in that game.
I feel like microtransactions are actually pretty awesome when they're purely cosmetic. It's a great way to continue to fund the development of your game to make progress on it even after release. The key word there is cosmetic. There should be nothing that you can purchase in a microtransaction that will make the game faster, easier, or give you any sort of advantage. That's where microtransactions will actually destroy your game, as they found out with BF2
I think EA may be having a tough time going forward here. EA's reputation in the gaming world used to be that of quality, but over the past few years their reputation along with the quality of the games has taken a hit. Battlefront and the DLC's, then BF II and the progression system that pushed you to loot boxes, then failing to get a good RPG Star Wars game out (but one still in the works). Its going to be an uphill batttle. More recently, the F2P game Apex Legendary has come out to much praise, so its not all bad news. In two weeks Anthem from Bioware is launching, so investors should be keeping an eye on how that does.
BIGGGGG 2/22/19 100 Call buyer this morning @ 10:11AM hit the mid and ask of 4.30. buyer of 4,989 contracts worth 2.145M dollars.
unfortunately missed jumping on board this train today - the calls are up over 40% today... somebody knew something!
Trapped between support and resistance at the moving averages, which are right now having a bullish crossover. If this can break above those before losing support, I'd expect this to be a 10% gainer at minimum, back up to resistance at ~$104
