#1. NASDAQ Investors are nervous and touchy about any piece of negative news.. not just EA.
#2. EA has a high implied volatility right now... so the stock over-reacts to both good and bad news.
#3. the stock price has been lower than what it closed at today throughout a 10+ day stretch in December. A few days ago it was within 7% of what the stock price is right now.
#4 PROFITS AND REVENUE ARE UP compared to 2017's all important XMas/HOliday quarter.
#5 EA had a 20% drop for about an hour in the middle of the night... it lasted 1 hour at something like 3 am. I'm seeing "20% drop" headlines. Its pretty misleading.
In the past companies like EA and ATVI produced double digit revenue and profit growth. This makes adventurers put their money in. Welp, EA and ATVI's monster growth days are over for the next year or two. The venturists are putting their money in other places that might show monster growth. EA and ATVI are off their list.
To give a pro sports team analogy. EA is 1 of the best teams in the league and they just lost 3 games in a row. Many media are painting it like they lost 20 games in a row and the owner wants to sell the team. This hysterical screaming combined wit "i told you so" commentary generates lots of views and clicks. My full context perspective is really boring and will generate no views or clicks.
I hate EA just like the next guy.. but framing misleading narratives about EAs imminent demise will just make people even more angry when EA just keeps on rolling along.