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Stock Market & Financial Investment News

News Breaks
February 4, 2014
12:44 EDTGLUU, ZNGAZynga 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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July 2, 2015
06:04 EDTZNGAStocks with implied volatility above IV index mean; ZNGA XOMA
Stocks with implied volatility above IV index mean; Zynga (ZNGA) 60, XOMA (XOMA) 253 according to iVolatility.
July 1, 2015
05:50 EDTZNGAStocks with implied volatility movement; ZNGA MBI
Stocks with implied volatility movement; Zynga (ZNGA) 66, MBIA (MBI) 114 according to iVolatility.
June 30, 2015
08:58 EDTGLUUGlu Mobile price target raised to $10 from $8 at Craig-Hallum
Craig-Hallum raised Glu Mobile's price target to $10 from $8 and said it sees modest upside to Q2 estimates and guidance, driven by game portfolio strength. The firm continues to see substantial upside to FY15 and FY16 consensus estimates and reiterates its Buy rating.

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