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Stock Market & Financial Investment News

News Breaks
February 4, 2014
12:44 EDTZNGA, GLUUZynga advances following UBS upgrade to Buy
Shares of digital and mobile video game maker Zynga (ZNGA) are climbing after research firm UBS upgraded the stock in a note to investors earlier today. WHAT'S NEW: Zynga's core operations have started to stabilize under its new management team, while the company's recently announced cost cuts should prevent its profit margins from falling, according to UBS. The firm also believes that Zynga's acquisition of mobile game and technology developer NaturalMotion will enable Zynga to increase the innovation and scale of its mobile games. It upgraded Zynga to Buy from Neutral and increased its price target on the stock to $6 from $4. WHAT'S NOTABLE: On January 30, Zynga reported stronger than expected results and announced that it was reducing its workforce by 15%. The company also announced that it was buying NaturalMotion. Zynga's shares rallied on the news. PRICE ACTION: In early afternoon trading, Zynga advanced 23c, or 5%, to $4.72. Also rising are shares of another mobile video game maker, Glu Mobile (GLUU), which climbed about 4% to $4.02.
News For ZNGA;GLUU From The Last 14 Days
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March 26, 2015
11:20 EDTZNGAJudge says Zynga shareholders can pursue claims against company, Reuters says
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March 17, 2015
09:25 EDTGLUUOn The Fly: Pre-market Movers
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08:41 EDTGLUUGlu Mobile to partner with Kendall, Kylie Jenner on new mobile game
Glu Mobile announced that the company will partner with Kendall and Kylie Jenner on the development of a new mobile game. Featuring the voices, likenesses, and creative influences of Kendall and Kylie, the game will allow players to interact with the sisters as friends and mentors as they work to realize their creative and career aspirations. Glu expects to launch the game worldwide in late 2015 on iOS and Android. Glu will provide additional details on the game's development and Kendall and Kylie's involvement at a later date. Shares of Glu Mobile, the maker of "Kim Kardashian: Hollywood," are up about 7% in pre-market trading to $5.15.

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