John Riccitiello, CEO of Electronic Arts (EA), resigned March 18. This sent the stock price plummeting from 18.70 to 17.03. Previous investors saw weakness in EA that didn't exist among it's competitors such as Take-Two (TTWO) and Activision (ATVI). Meanwhile, some investors believe that the stock is now undervalued and are hoping to take advantage of the overreaction by buying now. If that happens, any investors in EA should keep in mind John Ricitiello wrote his reason for stepping down “My decision to leave EA is really all about my accountability for the shortcomings in our financial results this year”. Electronic Art's earnings report for Q4 is released on May 8th.
