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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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December 19, 2014
17:01 EDTGLUUGlu Mobile, Unity Technologies ApS amend software licensing agreement
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December 17, 2014
09:41 EDTZNGAActive equity options trading
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December 15, 2014
07:50 EDTGLUUGlu Mobile Q4 guidance may prove conservative, says Canaccord
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December 8, 2014
10:42 EDTGLUUGlu Mobile director buys 274K shares of company stock
Lorne Abony, a director of Glu Mobile disclosed in a filing this morning the purchase of 274,050 shares of company stock on December 4 and 5. shares of Glu Mobile are higher by over 7% in morning trading.

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