|July 7, 2014|
|15:03 EDT||KING||King Digital rallies above IPO price, then falters, levels to watch|
The shares briefly traded above the IPO price of $22.50 today before heading lower on a steady downward slope through the session. The IPO price is once again resistance. At the current price of $21.19, next support is at $20.25.
News For KING From The Last 14 Days
|November 20, 2014|
|06:59 EDT||KING||King Digital new Candy Crush game off to 'great' start, says Deutsche Bank|
Deutsche Bank says King Digital's newly launched Candy Crush Soda Saga hit the top downloaded app and top 5 grossing app in the U.S. faster than any King game in history. Deutsche says it is incrementally more positive on the stock and upped its price target for shares to $16 from $13. It keeps a Hold rating on the name.
|November 19, 2014|
|07:30 EDT||KING||Morgan Stanley to hold a conference|
European Technology, Media & Telecoms Conference is being held in Barcelona, Spain on November 19-21.
|November 13, 2014|
|11:57 EDT||KING||King Digital rallies after Cowen says new game looks like a hit|
King Digital's (KING) new Candy Crush Soda Saga digital game launched on Apple's (AAPL) iOS operating system and Google's (GOOG) Android operating system earlier this week. In a note to investors today, research firm Cowen wrote that the game looks poised to be a "significant hit" for King. WHAT'S NEW: Candy Crush Soda Saga, the sequel to King's extremely popular Candy Crush Saga game, launched on iOS and Android on Tuesday after having previously been available only on Facebook (FB). The game features new environments, new candies and "kooky" new characters, King stated in its announcement of the game's expanded release. ANALYST REACTION: In a note to investors, Cowen analyst Doug Creutz wrote that Candy Crush Soda Saga is already in 13th place on the U.S. top-grossing games charts for both iPhone and iPad. The game will "almost certainly" provide a significant boost to King's Q4 revenue, and the company's Q4 gross bookings are likely to surpass its guidance by a meaningful amount, Creutz forecast. King's guidance factored in only a modest revenue contribution from Candy Crush Soda Saga, the analyst stated. The guidance was based on the assumptions that the revenue generated by Candy Crush Soda Saga would increase relatively slowly, and that the revenue generated by King's other games would decline as a result of the sequel's launch, the analyst stated. Neither of these assumptions appears to be occurring so far, he wrote. Adding that analysts' consensus Q4 estimates and the company's Q4 guidance "look very conservative," Creutz "aggressively reiterated" his Outperform rating on the shares. PRICE ACTION: In late morning trading, King rose 10% to $15.50.
|10:44 EDT||KING||Options with decreasing implied volatility|
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|10:19 EDT||KING||King Digital 'meaningful' upside to Q4 guidance likely, says Cowen|
Cowen says King Digital's Candy Crush Soda Saga has already risen to 13th on the U.S. top-grossing games charts for both iPhone and iPad despite being out for only two days. The firm thinks "meaningful upside" to the company's Q4 revenue outlook is now "very likely" and reiterates an Outperform rating on the stock with a $27 price target.
|November 12, 2014|
|10:34 EDT||KING||Options with decreasing implied volatility|
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|November 11, 2014|
|10:39 EDT||KING||Options with decreasing implied volatility|
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|November 10, 2014|
|10:17 EDT||KING||Options with decreasing implied volatility|
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