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As a result of a drop in its share value EA has been removed from the NASDAQ-100, which features the 100 largest non-financial stocks listed on The NASDAQ Stock Market.
Video on demand firm Netflix and troubled Blackberry maker RIM were also dropped from the list.
EA stock began the year priced a little over $21 but dropped to around the $12 mark over the summer months, before climbing to around $15 in December.
“The securities being added to the NASDAQ-100 Index will join Facebook, Costco, Apple, Google and other household names that are leading the new economy forward,” stated NASDAQ OMX executive VP John Jacobs. “Our objective re-ranking process ensures the NASDAQ-100 remains a relevant investable index that is the underlying benchmark for about 7,100 products in 22 countries with a notional value of about $1 trillion.”
Source: nasdaq.com
