Pavel Svinchnik
Senior Member
- Jan 28, 2018
- 137
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For the past three mornings, the price of EA (Electronic Arts) jumps up about $5 over the prior close with millions of shares traded. Then the volume lessens and the price sinks over the rest of the day. I know they have a new game coming out but the early morning volume and price surge seems unusual. Is somebody trying to gather enough shares for a proxy fight and using the market-open rush to avoid detection? I think the stock has a lot of upside but I would have thought that would carry through the trading day as opposed to the surge-on-market-open.