Zynga shares halted twice in volatile trade
NEW YORK | Fri May 18, 2012 12:59pm EDT NEW YORK (Reuters) – Shares in social gaming company Zynga Inc (ZNGA.O), which generates the majority of its revenue from Facebook, were halted twice in volatile trading on Friday as the stock jumped around on the same day as Facebook Inc’s (FB.O) debut. Shares of Zynga [...]
Mid caps to post worst week in 8 months
NEW YORK | Fri May 18, 2012 3:44pm EDT NEW YORK (Reuters) – Mid cap stocks were on course for their worst week in eight months and a broad measure of stocks turned negative for the year on Friday as Facebook’s IPO stumbled and investors continued to be cautious about Europe’s ongoing debt crisis. The [...]
Social media stocks hammered as Facebook debuts
By Alistair Barr NEW YORK | Fri May 18, 2012 6:59pm EDT NEW YORK (Reuters) – Social media stocks, led by Zynga Inc (ZNGA.O), slumped in volatile trading as traders used the securities to hedge or bet against the star of the sector, Facebook Inc (FB.O), which went public in a disappointing debut on Friday. [...]
Historic Facebook debut falls flat
By Alexei Oreskovic SAN FRANCISCO | Fri May 18, 2012 8:53pm EDT SAN FRANCISCO (Reuters) – The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company’s sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close. Facebook [...]
Gap raises profit outlook, shares rise
Thu May 17, 2012 6:42pm EDT (Reuters) – Gap Inc (GPS.N) raised its yearly profit forecast, prompted by first-quarter earnings that topped Wall Street estimates and rising sales, and its shares rose 8 percent after hours. For the full year, Gap estimated earnings of $1.78 to $1.83 a share, above the $1.75 to $1.80 it [...]
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