Structured-note investors are making their biggest bets on Silicon Valley companies from Apple Inc. (AAPL) to Zynga Inc (NASDAQ:ZNGA) in at least four years as banks seek out more volatile companies to boost yields. Zynga Inc (NASDAQ:ZNGA) shares after opening at $5.07 moved to $5.13 on last trade day and at the end of the day closed at $4.95. Company price to sales ratio in past twelve months was calculated as 4.68 and price to cash ratio as 3.63. Zynga Inc (NASDAQ:ZNGA) showed a negative weekly performance of -9.34%.
MeetMe (NASDAQ:MEET) was upgraded by equities research analysts at TheStreet from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, American Banking & Market News reports. MeetMe Inc (NYSEMKT:MEET) shares fell -3.03% in last trading session and ended the day on $3.52. MEET return on equity ratio is recorded as -13.40% and its return on assets is -11.40%. MeetMe Inc(NYSEMKT:MEET) yearly performance is 76787%.
Renren (NASDAQ:RENN)‘s stock had its “underweight” rating reaffirmed by stock analysts at Morgan Stanley in a report issued on Wednesday, American Banking News.com reports. Renren Inc (NYSE:RENN) shares moved down -2.72% in last trading session and was closed at $3.22, while trading in range of $ 3.20 – 3.33 . Renren Inc (NYSE:RENN)year to date (YTD) performance is 5.57%.
Mergers and acquisitions as well as heightening competition will erode Renren’s earnings, CM Research said. Baidu Inc (ADR) (NASDAQ:BIDU), owner of China’s biggest search engine, purchased a 59 percent stake in Renren’s Nuomi.com in August, about a month after announcing it will acquire 91 Wireless Websoft Ltd. Baidu Inc (ADR) (NASDAQ:BIDU) weekly performance is -1.42%. On last trading day company shares ended up $158.31. Baidu Inc (ADR) (NASDAQ:BIDU) distance from 50-day simple moving average (SMA50) is -5.94%.