EA’s Stock Climbs Even In The Wake Of Multiple Class Action Suits
We know that EA is currently in a ton of hot water with gamers and even their own investors. Multiple class action lawsuits have been filed against the publisher in as many weeks. Electronic Arts already put their NCAA series to rest over a similar suit earlier this year. Which is why I’m completely perplexed as to how their stock is on the rise. In fact, since December 17th, their stock price has been steadily rising. Which, strangely enough was the day that we reported on another class action suit levied against EA.
From 12/17-12/23 EA’s market share has risen $1.80. Reports of Mass Effect-related news and new information pertaining to Dragon Age: Inquisition have popped up in the past two weeks, which most likely helped the situation.
In the end, EA’s fate lies on the outcome of the many legal actions being taken against them, and the sales of upcoming titles like EA Sports UFC, Dragon Age: Inquisition, and of course, the upcoming yearly installments of their NFL, NHL, and FIFA.
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