NEW YORK, March 12, 2013 /PRNewswire/ --
Zynga Inc. shares soared to levels on Monday that has not been
seen by the stock since last July, on the rumor that Yahoo! Inc.
might consider them a buyout candidate. In a report by analyst
Blake Harper of Wunderlich
Securities Inc., Yahoo may consider Zynga, as CEO Marissa Mayer seeks acquisitions to boost
Yahoo!'s mobile and social capabilities. Shares of Zynga closed at
$3.93 on Monday, up roughly 10%.
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Dick's Sporting Goods Inc. (NYSE: DKS) - One of the biggest
decliners on the NYSE yesterday was Dick's Sporting Goods. The
stock sank more than 12% in intra-day trading to a low of
$45.00, still above its 52-week low
of $44.06. The largest company in the
sporting goods sector reported weaker than anticipated results for
the fourth quarter. The Company also provided fiscal 2013 earnings
per share guidance of $2.84-$2.86,
which trails behind the analysts' consensus estimate of
$2.92. The stock saw a significant
boost in volume on with # shares traded, im comparison to an
average of 1,468,330 shares. Shares of DKS closed at $45.11 on Monday.
BlackBerry (Nasdaq: BBRY) - Shares of BBRY soared on
Monday, hitting as high as $14.92 in
intra-day trading, which represented gains of 14.24% since Friday's
closing price of $13.06. The spike in
share price came after Yang Yuanqing, the CEO of Chinese computer
makker Lenovo (LNVGY), reportedly told French newspaper Les Echos
that it could make sense for his company to buy Blackberry. In
January, Bloomberg quoted Lenovo's CFO as saying that the company
was exploring a possible takeover of BlackBerry. The Company's new
flagship Z10 smartphone running the new BlackBerry 10 platform is
set to launch on AT&T's network on March
22. Shares of BBRY closed up at $14.90 yesterday.
Genworth Financial Inc. (NYSE: GNW) - Gensworth Financial Inc.
hit a new 52-week high of $10.74 in
intra-day trading on Monday with an unusual spike in volume. Volume
traded yesterday was more than three times higher than the stock's
average volume. A Barron's article from Sunday suggested that the
Company could almost double in the next year. Genworth Financial,
which provides insurance, wealth management, investment, and
financial solutions in the United
States and internationally, traded more than 30 million
shares on Monday. The stock closed in the green up 6.71% at
$10.50.
Aeterna Zentaris Inc. (Nasdaq: AEZS) - Shares of Aeterna
Zentaris experienced a steep drop on Monday making it one of the
biggest losers on the Nasdaq composite. The Company announced that
an independent Data Safety Monitoring Board has recommended
discontinuing the ongoing Phase 3 study comparing the efficacy and
safety of perifosine to placebo when combined with bortezomib
(Velcade) and dexamethasone in patients with relapsed or
relapsed/refractory multiple myeloma. Shares of AEZS hit as low as
$1.85 in intra-day trading, just
ten cents above the stock's 52-week
low. The stock has a 52-week trading range of 1.75 - 12.84. Shares
closed at $2.03, down 22.52%
yesterday.
China Auto Logistic Inc. (Nasdaq: CALI) - CALI
experienced one of the biggest percentage advances on the Nasdaq on
Monday. The stock closed with gains over 88% with an unusual spike
in volume. Trading volume yesterday was more than forty times
higher than the stock's average. Shares of CALI traded as high as
$5.38 in intra-day trading. A
SeekingAlpha writer wrote on Monday why he thinks CALI will rise to new highs this month. The
Company primarily engages in the sale and trading of imported
automobiles in the People's Republic of
China and has a 52-week trading range of 1.08 - 7.48.
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