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Trending Stocks in the News – (NASDAQ:ZNGA), (NASDAQ:GRPN), (NASDAQ:BIDU), (NYSE:RENN)

on 02/01/2013

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Today’s Stocks in focus are: ZNGA, GRPN, BIDU, RENN

Zynga Inc (NASDAQ:ZNGA), the software programmer and social gaming provider, reported on Monday that it has shutdown 13 games titles along with its latest game “Petville” on which it pulled the plug.

In October 2012, ZNGA reported that it would halt 13 under performing titles, after citing that its revenues were slowing down as gamers fled from its popular titles distributed on the Facebook in large numbers and suddenly revised its outlook for full year.

Two weeks ago, Zynga announced the shutdown of “Petville” on its Facebook page, all of the shut downs happened in the month of December.

Can Investors Bet on ZNGA after This News update? Find Out In This Research Report

Zynga Inc (NASDAQ:ZNGA) increased+1.29% to close at $2.36 with the total traded volume of 16.26 million shares with the average volume of 19.55 million. Its shares were trading within the range of $2.31- $2.41, while its opening price was $2.32. Its market capitalization is $1.85 billion. Its stock price 52 weeks low was $12.92 and 52 weeks high price was -$85.17.

GrouponInc (NASDAQ:GRPN) has the revenue of $2.19 billion with the revenue per share of $3.53. Its stock has the gross profit of $1.35 billion.

GrouponInc’s 52-week change was recorded -74.78%. The company has a total of 655.72 million outstanding shares as compared to 361.92 million shares that were floated in the market. Stock was held 0.30% by insiders and its 53.20% ownership was held by institutions.

How Should Investors Trade GRPN Now? Don’t Trade GRPN until you Read this Trend Analysis Report

Baidu.com, Inc. (ADR)(NASDAQ:BIDU) reported the gain of + 1.30% and closed at $100.29 with the total traded volume of 3.13 million shares. Its price to sales ratio ended at 10.68 and its price to cash per share was $10.25. Its market capitalization is $35.06 billion. The stock owned by Financial Institutions was 81.54% while by insiders was 0.13%.

How Should Investors React To BIDU Now? Find Out in this Trend Analysis Report

RenrenInc (NYSE:RENN) stock reported the gain of +4.55% and closed at $3.45 with the total traded volume of 2.48 million shares. Its earnings per share was -$0.03. RenrenInc’s market capitalization is $1.28 billion. The stock owned by Financial Institutions was 14.06% while by insiders was 7.61%.

Get a Free Report and Detailed Analysis on RENN Click Here to Read

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Source: anotherwinningtrade Posted Wed, January 02, 2013 14:19 - Permalink