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On Monday, one analyst initiated coverage on Zynga — which makes games, such as FarmVille and Words with Friends — with an overweight rating and a $11 price target.
It was a good Tuesday for Internet stocks, helping a number of new media players recover from some of the losses in 2011.
Take a look at some of Tuesday morning's early movers.
It’s a tale of two stocks: Netflix flying 13.8 percent higher Monday while Zynga plummeted 9.2 percent. So what drove the big moves?
Take a look at some of Monday morning's early movers:
It will take more than Facebook to heat up the tepid market for initial public offerings, the New York Times reports.
A volatile issuance market and lackluster returns haven’t dampened the initial public offering mood on Wall Street.
Cramer makes the call on viewers' favorite stocks.
If you think Zynga is going to trade like LinkedIn; that is drop well below its IPO price and stay there, you should keep reading.
Wall Street banks take profit in the latest IPOs by either using client money to invest in pre-I.P.O. shares, landing a role as a lead underwriter, or both, the New York Times reports.
Stocks entered the final hour of the week mixed, with the Dow weaker on pressure from IBM and investors weighing the significance of yet another ratings agency warning on debt.
After much hype about the IPO of Zynga, the stock had a disappointing debut as many analysts wonder whether the social media game maker will be able to keep growing — and if Facebook will get in the way.
Investors should be cautious before jumping into a new initial public offering.
Zynga’s long-anticipated IPO did not benefit from the same first-day bumps that LinkedIn and Groupon soaring higher earlier this year. The social gaming company raised $1 billion—issuing 100 million shares at $10 a share – making it the largest Internet-related IPO since Google’s $1.4 billion offering back in 2004.
US stock index futures pointed to a higher open on Wall Street Friday despite a downgrade by Fitch Ratings of Goldman Sachs, Bank of America and five other large banks based in Europe and the US, citing "increased challenges" in the financial markets.
When the financial markets were zigzagging all over the place in the third quarter, venture capital investments were surprisingly robust.