Well, the price went way up, so it was time to sell.
After the stock value of Electronic Arts shares soared to a six-year high (thanks to a positive earnings report released last week), key executives opted to sell off their stake in the company.
As noted by CVG , EA Games Executive Vice President Patrick Soderlund and EA general counsel Stephen Bene sold all their shares, and COO Peter Moore sold half of his.
Soderlund's 36,133 shares brought in $1,247,936, Bene's 7,771 shares resulted in $259,255, and Moore's 100,000 shares generated a whopping 3,453,140 (he has 108,691 shares remaining). With the stock price sitting in the mid-30s, it's no wonder these guys wanted to cash out. However, EA could be in line for another big year, as they're looking to release Dragon Age: Inquisition , The Sims 4 , Star Wars: Battlefront and more.
Even so, when the stock hits a six-year high, you don't want to miss out.