Electronic Arts Inc. (EA:US), producer of the “Madden NFL” video games, rose more than 12 percent after CRT Capital Group LLC recommended the stock, citing prospects for the March release of “Titanfall” and soccer titles.
Electronic Arts, based in Redwood City, California, gained (EA:US) 12 percent to $24.10 at 12:13 p.m. in New York after reaching $24.20 earlier, the biggest intraday jump since Oct. 30. The shares advanced 58 percent last year.
“Video game stocks trade on game slates, and we believe that EA has one of the most highly anticipated games coming out at the end of March, ‘Titanfall,’” Neil Doshi, a CRT analyst, said in a research note yesterday. He also forecast a strong year for the company’s soccer titles because of the World Cup.









