The S&P 500 (NYSEARCA:SPY) is down by 1.05% today and stands at 1,281. Here are three notable stocks that are experiencing large declines today.
Electronic Arts Inc. (NASDAQ:EA) shares have taken a tumble after market-research firm NPD Group released December data that found video game retail sales declined 21% from the final month of 2010. It is reasonable to conclude that EA’s future depends on its transition of software from game consoles to mobile devices. EA shares recently traded at $N/A,. They have traded in a 52-week range of $ to $. Volume today was shares versus a 3-month average volume of shares. The company’s trailing P/E is , while trailing earnings are $ per share.
Gamestop Corporation (NYSE:GME): For the holiday period, total company sales of new hardware sales declined 19.6% and retail sales declined 28% as there were no new console products or low enough price points to stimulate consumer demand like in 2010. Software fell 14% year over year in retail sales. Although Gamestop enters 2012 debt-free, this situation is the reason for the fall in the company’s stock. GME shares recently traded at $23.31, down $0.87, or 3.6%. They have traded in a 52-week range of $18.34 to $28.66. Volume today was 2,225,774 shares versus a 3-month average volume of 3,386,230 shares. The company’s trailing P/E is 8.36, while trailing earnings are $2.79 per share.
Akamai Technologies Inc. (NASDAQ:AKAM): Although the stock is up 20% in the past month, first quarter guidance is expected to be disappointing. DA Davidson said that the price target should be $36. AKAM shares recently traded at $32.34, down $1.23, or 3.66%. They have traded in a 52-week range of $18.25 to $52.72. Volume today was 2,208,720 shares versus a 3-month average volume of 4,974,520 shares. The company’s trailing P/E is 31.86, while trailing earnings are $1.01 per share.
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