EA’s majore executives have sold their stocks following the release of reports for the financial year ending March 31, 2014. EA stock peaked in these past few days, to a degree not seen since 2008.
Patrick Soderlund and Stephen Bene sold all their stock, at 36,133 shares (worth $ 1.2 million) and 7,881 shares ($ 260,000), respectively. Meanwhile, COO Peter Moore himself sold 100,000 shares, nearly half of his share in the company, for $ 3.4 million.
We don’t know what to make of this news just quite yet, but one has to wonder if it’s simply a cash grab, or if these execs know something about the company’s plans that they may not want us to know.