EA stock jumps after company says Apex Legends hit 10 million players in first three days
Shares of Electronic Arts Inc. are up more than 11% in Friday morning trading after the company said that its Apex Legends game logged more than 10 million players in its first 72 hours. The announcement comes days after the videogame publisher missed expectations with its latest results and lowered its forecast. The stock dropped 13% in Wednesday's session following that earnings announcement, but shares of EA and peers rallied on Thursday. Rival Activision Blizzard Inc. reports its quarterly numbers on Tuesday afternoon. EA's stock has lost 0.3% over the past three months, as the S&P 500 has fallen 4.3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.