Electronic Arts' stock price continued its roller-coaster ride today, taking a major dip on the NASDAQ. On heavy trading, Electronic Arts closed down $2.40 to $58.46. Volume was 4.9 million shares, far above its current average of 3.2 million shares.
With no documents dropped at the Securities and Exchange Commission since those filed September 8 (outlining promotions and salary increases to Paul Lee, Gerhard Florin, Frank Gibeau, and David Gardner) analysts were hesitant to draw conclusions as to what may have prompted the sell-off.
EA wasn't alone, as many other major publishers were off their game today. Activision closed down more than 5 percent to $19.65; Take-Two was down 2.82 percent; and THQ was down 2.45 percent to $21.46.
Today's ERTS closing price is $4.09 below the week's high of $62.55, which occurred in intraday trading on Monday. EA's 52-week high remains $71.16, which occurred in March.
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