Zynga Inc (NASDAQ:ZNGA) has won a law suit in which it was accused of providing misleading prospectus by its shareholders, The lawsuit was based on the financials the company provided before and after the initial public offering of December 2011, that were deemed to be wrong. Zynga Inc (NASDAQ:ZNGA) stock opened at $5.05 in last session, and closed at $5.24, while the day range of ZNGA stock is $4.92-$5.26.The stock showed a positive weekly performance of 4.80%.
BlackBerry Ltd (NASDAQ:BBRY) was last seen going down almost 5 percent to $10 in the last trading session. That drop in stock price can cause concern among some investors until they realize that the stock that was once going to the dogs is up 35 percent year to date. BBRY which is regarded as the pioneer of smartphone has lost a lot of ground to Apple Inc (NASDAQ:AAPL) and Samsung. However, since the company installed a new leadership and brought in turnaround expert John Chen, it can be seen bouncing from the deathbed. The company is turning its greater focus to enterprise business and it has also passed on the phone manufacturing mandate to Foxconn Technology which effectively means that inventory writedown will no longer be the concern of the Ontario, Waterloo-based company. Thus, analysts concur with management of BlackBerry Ltd (NASDAQ:BBRY) that best times are still ahead for the company and its investors. BlackBerry Ltd (NASDAQ:BBRY) stock opened at $9.73, in last session and closed at $10.37, by gained 3.70%.The 52 week range was $5.44-$16.82.Company’s market capitalization is $5.46 billion.
Groupon Inc (NASDAQ:GRPN) one year on in post founding chief executive Andrew Mason is up 88 percent. An impressive rally, you say? Wait a minute, even with such seemingly wild run, the company is still a loss making business whose losses have reportedly accumulated to as much as $430 million and the stock price has been nothing to write home about. If you look at the current stock price which is in the range of $8 and remember that it went public at $20 per share and later touched more than $26 per share in all-time high, one is made to wonder whether the Internet deals company is in control of its health. However, what you can take home for now is that the management is saying that the best is still ahead of the company. Groupon Inc (NASDAQ:GRPN) stock gained 1.68% and finished the last session at $8.45.The EPS of the stock remained -0.15.Company’s market capitalization is $5.64 billion.
Advanced Micro Devices, Inc. (NYSE:AMD) On Feb. 25 announced the AMD Embedded Radeon™E8860 GPU (codenamed “Adelaar”), the industry’s first discrete graphics card based on Graphics Core Next (GCN) architecture designed specifically to advance the visual growth and parallel processing capabilities of embedded applications. With more than double the performance in the same power envelope as its predecessor1, the AMD E8860 GPU delivers 3D and 4K graphics to embedded gaming machines, digital signage, medical imaging, commercial aerospace and conventional military, and other embedded applications.Advanced Micro Devices, Inc. (NYSE:AMD) stock opened the session at $3.66, and closed the session at $3.67.The 52 week range of the AMD stock remained $2.26-$4.65 and the day range was $3.60-$3.70.
Leave a Reply