Electronic Arts Inc (NASDAQ:EA) up by 3.88%, Cliffs Natural Resources Inc (NYSE:CLF)

Posted by George Brook May 13, 2013 0 Comment 4464 views


Electronic Arts Inc (NASDAQ:EA): Friday’s trading session saw Electronic Arts Inc (NASDAQ:EA) shares gaining 3.88%. The opening price of $21.50, moved on to touch an intraday high of $22.57 before sliding down to $21.45 per share. More than 9.17 million shares changed hands in the trading session on Friday. This number was more than the average volume of 4.54 million which was calculated over a 30-day period.

In comparison to the 1.4% industry average, Electronic Arts Inc (NASDAQ:EA) underperformed with its declined revenue. The company’s revenue dipped 11.6% in comparison to the same quarter a year earlier. This also seems to have nicked the company’s bottom line and there was a drop in its earnings per share. Despite this, Electronic Arts Inc (NASDAQ:EA)’ stock is trading at a much higher level that what it was, a year ago. Looking ahead, the rise in the stock over the past one year has helped move it up to a relatively more expensive level than the rest of the industry. However, the other strengths that the company displays, to a certain degree, justify its higher price levels.

Cliffs Natural Resources Inc (NYSE:CLF): Friday’s trading session saw Cliffs Natural Resources Inc (NYSE:CLF) shares rising by 3.84%. The opening price of $22.69, moved on to touch an intraday high of $23.58 before sliding down to $22.45 per share. More than 9.43 million shares changed hands in the trading session on Friday. This number was less than the average volume of 13.66 million which was calculated over a 30-day period.

Cliffs Natural Resources Inc (NYSE:CLF) is a global natural resources and mining company. It produces iron ore and metallurgical coal. Its operations are categorized on the basis of geographic location as well as product category- U.S. Iron Ore, North American Coal, Canadian Iron Ore, Asia Pacific Coal, Asia Pacific Iron Ore, Ferroalloys, Latin American Iron Ore and  the Global Exploration Group. The company operates in four different segments- U.S. Iron Ore, North American Coal, Eastern Canadian Iron Ore, and Asia Pacific Iron Ore. In the U.S, it operates five different iron ore mines in Minnesota and Michigan, five metallurgical coal mines situated in Alabama and West Virginia as well as one thermal coal mine situated in West Virginia.


About George Brook

George Brook covers money and politics for GDP Insider. George is a veteran journalist who has also covered Congress, national political conventions and presidential politics. George also covers the White House as well as economic and domestic policy for GDP insider. George's reporting has won numerous awards, including two Scripps Howard awards, two National Headliners, two Gerald Loeb Awards, as well as honors from Sigma Delta Chi and the National Press Club.

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