EA drops from Nasdaq 100

The NASDAQ OMX Group has announced the results of the annual re-ranking of the NASDAQ-100 Index, which will become effective prior to market open on Monday, December 24, 2012.

Among others, Electronic Arts will be dropped from the list of 100.

The NASDAQ-100 Index is composed of the 100 largest non-financial stocks listed on The NASDAQ Stock Market. This index acts as benchmark for financial products such as options, futures, and funds. The NASDAQ-100 is re-ranked each year in December.

This doesn’t necessarily mean that EA is doing badly, but it does mean that it is making way for other companies rising to prominence. Among the companies involved in video gaming still listed on the Nasdaq 100 are Activision Blizzard and Microsoft.

“Since its inception, the NASDAQ-100 Index has evolved into a world-renowned brand that includes the 100 largest non-financial stocks listed on The NASDAQ Stock Market,” said NASDAQ OMX Executive Vice President John L. Jacobs. “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. 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.”