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News Breaks
January 6, 2014
07:34 EDTZNGAZynga testing bitcoin for in-game payments, WSJ reports
Zynga is testing the use of bitcoin for in-game payments. In a statement posted to the website Reddit, Zynga said it is working with BitPay, a bitcoin payments company, to accept the currency in a handful of its games,reports the Wall Street Journal. Reference Link
News For ZNGA From The Last 14 Days
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October 22, 2014
09:50 EDTZNGAZynga to bring back Zynga Poker Classic, will have two Poker games
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October 14, 2014
05:51 EDTZNGAStocks with implied volatility movement; DRYS ZNGA
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October 8, 2014
10:48 EDTZNGAGlu drops despite Benchmark optimism about Kardashian game
Research firm Benchmark Co. upgraded digital video game maker Glu Mobile (GLUU) to Buy from Hold, based on optimism about the company's upcoming third quarter earnings report. WHAT'S NEW: Glu may report higher than expected third quarter sales and earnings before interest taxes depreciation and amortization on October 29, Benchmark analyst Mike Hickey wrote in a note to investors today. The company may also raise its fourth quarter guidance, Hickey believes. Glu's results are being lifted by the success of the company's "Kim Kardashian: Hollywood" game, the analyst believes. He has a $5.90 price target on the name. WHAT'S NOTABLE: Taking the opposite view on Glu Mobile in an article yesterday was a short-selling blog, TheStreetSweeper. The blog said it "wouldn't be surprised" if the company cut its Q4 guidance, as Kim Kardashian and other Glu games "are fading fast." Company insiders are "selling huge chinks" of the company's shares, added the blog. Northland Capital analyst Darren Aftahi yesterday countered by accusing TheStreetSweeper of "acting as a megaphone" for shorts in the name, trying to drive down the stock in a weak market, and producing an article that is "full of conjecture." The analyst said he thinks the company could beat Q3 revenue expectations by a large amount, potentially producing a "massive short squeeze." OTHERS TO WATCH: Other digital video game makers include Zynga (ZNGA) and King Digital (KING). PRICE ACTION: In early trading, Glu dropped 4% to $4.56.

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