The investment firm SAC Capital Advisors founded by Steven A. Cohen has disclosed that it has doubled its stake in Zynga Inc (NASDAQ:ZNGA). It now owns more than 5% in the company share earlier the share of the company was 2.2%. The total $173 million was paid to complete this deal. Zynga Inc. (NASDAQ:ZNGA) shares after opening at $4.34 moved to $4.49 on last trade day and at the end of the day closed at $4.38. Company price to sales ratio in past twelve months was calculated as 4.40 and price to cash ratio as 3.41. Zynga Inc. (NASDAQ:ZNGA) showed a negative weekly performance of 9.50%.
Even though they popularised the term ’4 Screen Strategy’ couple of years ago, Sony Corporation (ADR) (NYSE:SNE) understood the fall of PC business and sold off its VAIO business unit to Lenovo Group Limited (ADR) (OTCMKTS:LNVGY). As we reported earlier they are now focussing on 3 screens – Smartphone, tablet and 4K TVs. While seeking to improve against its more powerful competitors, Sony launched its flagship Smartphone – the Xperia Z2 . This was to counter the upcoming Samsung Galaxy S5 and the HTC One 2014. This was just after 6 months of releasing the Xperia Z1. When every other Smartphone brand including Apple Inc. (NASDAQ:AAPL) are following the annual upgrade cycle for its flagship devices, Sony has brought this rate down to just 6 months. Sony Corporation. (ADR), (NYSE:SNE) shares advanced 1.67% in last trading session and ended the day on $19.44. Sony Corporation. (ADR), (NYSE:SNE) return on equity ratio is recorded as 4.60% and its return on assets is 0.70%. Sony Corporation. (ADR), (NYSE:SNE) yearly performance is 10.20%.
QUALCOMM, Inc. (NASDAQ:QCOM) is trending higher along with the broader equities market, up 2% at last check to trade at $79.78. In the stock’s options pits, calls are trading at nearly three times the intraday average. Diving deeper reveals the majority of call traders are upping the bullish ante over last Friday’s speculators and betting on a move to levels not seen since January 2000. QUALCOMM, Inc. (NASDAQ:QCOM) shares moved up 1.57% in last trading session and was closed at $80.10, while trading in range of $ 78.99 – 80.16. QUALCOMM, Inc. (NASDAQ:QCOM) year to date (YTD) performance is 8.39%.
International Business Machines Corp. (NYSE:IBM) announced that based on Gartner’s definition of the application infrastructure and middleware market, IBM has one again been named the worldwide market share leader, marking 13 consecutive years of sustained leadership. The rankings are based on total worldwide revenue for 2013. International Business Machines Corp. (NYSE:IBM) weekly performance is -0.28%. On last trading day company shares ended up $194.50. International Business Machines Corp. (NYSE:IBM) distance from 50-day simple moving average (SMA50) is 6.12%. Analysts mean target Price for the company is $192.50.