DIS - Electronic Arts gains 3% headed for longest win streak since 2015

Electronic Arts stock (NASDAQ:EA) is 2.9% higher today while the rest of the market is in full-on defensive mode, with most major S&P 500 stocks sharply lower. The gain means EA stock is headed for a tenth straight winning trading session - which would mark its longest winning streak in seven years, Bloomberg notes. The stock last closed lower on May 10, just after it reported improved profitability in its fourth quarter. Since then it's up 23%, and the reason is clear: Following the earnings report, people are talking again about EA getting bought. The videogame sector has seen a couple of major trends in the two years since the pandemic. One is the outsize effects of a large-scale move to stay-at-home entertainment that came alongside widespread shelter-in-place orders in 2020. Another is a wave of consolidation among game companies for scale. The big three game publishers by now have

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Electronic Arts gains 3%, headed for longest win streak since 2015