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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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May 27, 2015
05:58 EDTZNGAStocks with implied volatility above IV index mean; KORS ZNGA
Stocks with implied volatility above IV index mean; Michael Kors (KORS), Zynga (ZNGA) 57 according to iVolatility.
May 19, 2015
11:49 EDTGLUUTake-Two surges after GTA maker's profit tops estimates
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10:25 EDTGLUUGlu Mobile price target raised to $9 from $7 at Stifel
Stifel increased its price target on Glu after attending the company's Investor Day, as the firm is more upbeat on the company's fundamentals after Glu introduced long-term financial targets. The firm says it is pleased by the visibility that Glu provided and keeps a Buy rating on the stock.
May 18, 2015
10:37 EDTZNGAFacebook ramps up interest in games, The Information reports
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May 15, 2015
08:24 EDTGLUUGlu Mobile growth forecasts achievable and possibly conservative, says Canaccord
Canaccord came away from the Glu Mobile analyst day believing management's view of 20%+ annual top-line growth is not only achievable but may prove to be conservative. The firm sees the company leveraging its gaming communities and recognizable star power to drive growth and reiterated its Buy while raising its price target to $9 from $8 on Glu Mobile shares.
06:59 EDTGLUUGlu Mobile price target raised to $9 from $7.50 at Piper Jaffray
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