Electronic Arts (EA) Stock: Why It Increased Over 5% Today

By Amit Chowdhry ● Aug 26, 2022
  • The stock price of Electronic Arts (NASDAQ: EA) increased by over 5% during intraday trading today. This is why.

The stock price of Electronic Arts (NASDAQ: EA) increased by over 5% during intraday trading today. Investors are responding to a rumor that was published by a Sweden-based media outlet called “Good Luck Have Fun.”

Good Luck Have Fun posted a report that Amazon was interested in buying EA and would submit a formal offer today. This report spread to multiple outlets shortly after.

However, CNBC’s David Faber followed up with his sources and determined that Amazon was not planning to bid on EA today: