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Stock Market & Financial Investment News

News Breaks
February 15, 2013
13:54 EDTEA, ZNGAZynga, Electronic Arts reach settlement in copyright suit, Bloomberg says
Zynga (ZNGA) and Electronic Arts (EA) have agreed to settle claims regarding allegations that Zynga's game "The Ville" copied EA's "The Sims Social," according to a Bloomberg report that cites emailed statements from Zynga and EA spokespeople. The report says details of the settlement were not disclosed. Reference Link
News For EA;ZNGA From The Last 14 Days
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October 17, 2014
05:39 EDTEASeptember NPD video game software sales fell 36%, says Piper Jaffray
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October 14, 2014
05:51 EDTZNGAStocks with implied volatility movement; DRYS ZNGA
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October 10, 2014
10:01 EDTEAOn The Fly: Analyst Upgrade Summary
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07:59 EDTEAElectronic Arts upgraded to Buy from Hold at Benchmark Co.
Benchmark Co. upgraded Electronic Arts to Buy with a $42.50 price target saying the company's upcoming Q2 results will likely beat expectations and drive share upside.
October 8, 2014
10:48 EDTZNGAGlu drops despite Benchmark optimism about Kardashian game
Research firm Benchmark Co. upgraded digital video game maker Glu Mobile (GLUU) to Buy from Hold, based on optimism about the company's upcoming third quarter earnings report. WHAT'S NEW: Glu may report higher than expected third quarter sales and earnings before interest taxes depreciation and amortization on October 29, Benchmark analyst Mike Hickey wrote in a note to investors today. The company may also raise its fourth quarter guidance, Hickey believes. Glu's results are being lifted by the success of the company's "Kim Kardashian: Hollywood" game, the analyst believes. He has a $5.90 price target on the name. WHAT'S NOTABLE: Taking the opposite view on Glu Mobile in an article yesterday was a short-selling blog, TheStreetSweeper. The blog said it "wouldn't be surprised" if the company cut its Q4 guidance, as Kim Kardashian and other Glu games "are fading fast." Company insiders are "selling huge chinks" of the company's shares, added the blog. Northland Capital analyst Darren Aftahi yesterday countered by accusing TheStreetSweeper of "acting as a megaphone" for shorts in the name, trying to drive down the stock in a weak market, and producing an article that is "full of conjecture." The analyst said he thinks the company could beat Q3 revenue expectations by a large amount, potentially producing a "massive short squeeze." OTHERS TO WATCH: Other digital video game makers include Zynga (ZNGA) and King Digital (KING). PRICE ACTION: In early trading, Glu dropped 4% to $4.56.

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