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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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November 17, 2014
13:09 EDTZNGAZynga's Pincus, directors must face lawsuit over 'lockup' sales, Reuters says
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November 13, 2014
09:40 EDTZNGAActive equity options trading
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November 11, 2014
13:55 EDTZNGAYuoTube hires Zynga executive to lead consumer products group, Re/code says
Google's (GOOG) YouTube has hired Manuel Bronstein, a Zynga (ZNGA) executive, to lead its consumer products group, says Re/code. According to the Re/code report, YouTube has had a series of notable managers depart in the last year. Reference Link
10:00 EDTZNGAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcentra Capital (ABDC) upgraded to Outperform from Market Perform at Keefe Bruyette... Ambac Financial (AMBC) upgraded to Neutral from Sell at MKM Partners... Banco Bilbao (BBVA) upgraded to Buy from Reduce at Nomura... Darden (DRI) upgraded at KeyBanc... ICU Medical (ICUI) upgraded to Overweight from Neutral at Piper Jaffray... IMAX (IMAX) upgraded to Buy from Neutral at Goldman... Juniper (JNPR) upgraded to Buy from Neutral at Nomura... Michaels (MIK) upgraded to Overweight from Equal Weight at Morgan Stanley... Midcoast Energy (MEP) upgraded to Outperform from Neutral at Credit Suisse... Midstates Petroleum (MPO) upgraded to Outperform from Market Perform at Northland... Monroe Capital (MRCC) upgraded to Outperform from Neutral at RW Baird... NuVasive (NUVA) upgraded to Outperform from Market Perform at Cowen... ONEOK Partners (OKS) upgraded to Outperform from Neutral at Credit Suisse... ORBCOMM (ORBC) upgraded to Overweight from Equal Weight at First Analysis... Pattern Energy (PEGI) upgraded to Outperform from Neutral at Macquarie... Targa Resources Partners (NGLS) upgraded to Outperform from Neutral at Credit Suisse... Time Warner (TWX) upgraded to Conviction Buy from Neutral at Goldman... Tremor Video (TRMR) upgraded to Buy from Hold at Jefferies... Western Gas Partners (WES) upgraded to Outperform from Neutral at Credit Suisse... Yamana Gold (AUY) upgraded to Overweight from Neutral at HSBC... Zynga (ZNGA) upgraded to Buy from Hold at Jefferies.
09:17 EDTZNGAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: FMSA Holdings (FMSA), up 4.7% following third quarter results. ALSO HIGHER: AVEO Pharmaceuticals (AVEO), up 7.6% after entering agreement with Ophthotech (OPHT) to license tivozanib... Ophthotech is 2.1% higher in pre-market trading... Galena Biopharma (GALE), up 3.6% after first patient dosed in NeuVax and Herceptin combination Phase 2 trial... Yamana Gold (AUY), up 3% after being upgraded to Overweight from Neutral at HSBC... Ambac Financial (AMBC), up 3.1% after being upgraded to Neutral from Sell at MKM Partners... China Finance (JRJC), up 12.4% after announcing a new partnership with Great Wall Securities... Zynga (ZNGA), up 5.7% after being upgraded on mobile business growth at Jefferies... Fiat Chrysler (FCAU), up 2.2% after being initiated with a Conviction Buy at Goldman. DOWN AFTER EARNINGS: Applied Optoelectronics (AAOI), down 10.7%... Ekso Bionics (EKSO), down 2.2%. ALSO LOWER: Alibaba Group (BABA), down 1.6% following comments made by vice chairman Joseph Tsai in an interview.
07:36 EDTZNGAZynga upgraded on mobile business growth at Jefferies
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05:49 EDTZNGAZynga upgraded to Buy from Hold at Jefferies
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