Alibaba is planning to buy Shanda Interactive and Shanda Games’ Limited (ADR) (NASDAQ:GAME) main business for at least $3.2B, according to a source inside Shanda. Shanda Games Limited (ADR) (NASDAQ:GAME) stock opened at $6.64 in last session, and closed at $6.62, while the day range of stock is $6.60 – $ 6.64. The stock showed a negative weekly performance of -0.60%.
Zacks reiterated their neutral rating on shares of Electronic Arts (NYSE:EA) in a research report released on Friday morning, Analyst Ratings Network reports. Zacks currently has a $30.00 price objective on the stock. Electronic Arts Inc. (NASDAQ:EA) stock opened at $28.47, in last session and closed at $28.09, by losing -1.75%. The 52 week range of the stock is $16.65 – $ 28.73. Company’s market capitalization is $8.70 billion.
Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) soared to a one-year high of $23.20 as of 2:21 p.m. EST on Friday after the China-based online game company, which focuses on massively multiplayer online role-playing games (MMORPGs), teamed with Chinese telecommunications giant Huawei to form a joint venture into the online gaming market. Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) stock advanced 0.27% and finished the last session at $22.68. The EPS of the stock remained 1.39. Company’s market capitalization is $1.12 billion.
TheStreet Ratings has withdrawn the Sell rating on Avid Technology Inc. (OTCMKTS:AVID). This action was due to the company’s delisting from NASDAQ and the inability to rely on the company’s financial statements. Avid Technology, Inc. (OTCMKTS:AVID) stock opened the session at $6.55, and closed the session at $6.70. The 52 week range of the stock remained $4.80 – $ 8.93 and the day range was $6.24 -$6.71.